City Council Resolution 1995-62RESOLUTION 95- 62
RESOLUTION ADOPTING ASSESSMENT ROLL
PROJECT 93-12C
MEADOW OAK STORM WATER OUTLET AND
GILLARD AVENUE RECONSTRUCTION
WHEREAS, pursuant to proper notice fully given as required by law, the Council has met
and heard and passed upon all objections to the proposed assessment of the improvements
for the construction of an outlet from Meadow Oak pond to the Mississippi River along with
reconstruction of Gillard Avenue.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MONTICELLO,
MINNESOTA:
1. Such proposed assessments, a copy of which is attached hereto and made a part
hereof, are hereby accepted and shall constitute the special assessment against the
lands named therein, and each tract of land therein included is hereby found to be
benefited by the proposed improvement in the amount of the assessment levied
against it.
2. Such assessments against improved property shall be payable in equal annual
installments extending over a period of 10 years, the first of the installments to be
payable on or before the first Monday in January 1997, and shall bear the interest
rate of 6.5% per annum from the date of the adoption of this assessment resolution.
To the first installment shall be added interest on the entire assessment from the
date of this resolution until December 31, 1996. To each subsequent installment
when due shall be added interest for one year on all unpaid assessments.
3. The owner of any property so assessed may, at any time prior to certification of the
assessment to the county auditor, pay the whole of the assessment on such property,
with interest accrued to the date of payment, to the city treasurer, except that no
interest shall be charged if the entire assessment is paid within 30 days from the
adoption of this resolution; and he may, at any time thereafter, pay to the city
treasurer the entire amount of the assessment remaining unpaid, with interest
accrued to December 31 of the year in which such payment is made. Such payment
must be made before November 15 or interest will be charged through December 31
of the next succeeding year.
4. The clerk shall forthwith transmit a certified duplicate of this assessment to the
county auditor to be extended on the property tax lists of the county. Such
assessments shall be collected and paid over in the same manner as other municipal
taxes.
Adopted by the City Council this 13th day of November, 1995.
City Administra r