City Council Resolution 1995-65RESOLUTION 95- 65
RESOLUTION ADOPTING ASSESSMENT ROLL
PROJECT 95-02C
KLEIN FARMS DEVELOPMENT
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 for
the improvement of the Klein Farms development with sanitary sewer, water main,
storm sewer, bituminous streets, curb and gutter, and appurtenant work.
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 assessment 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 interest at the 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.
Adopted by the City Council this 27th day of November, 1995.
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City Administr or