City Council Resolution 1992-27RESOLUTION 92-27
RESOLUTION ADOPTING ASSESSMENT ROLL
PROJECT 91-02
(BRIAR OAKES ESTATE)
WHEREAS, pursuant to proper notice duly given as required by law, the Council has
met and heard and passed upon all objections to the proposed assessment of the
improvements of Briar Oakes Estate with sanitary sewer, water main, storm sewer,
curb, gutter, bituminous, 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, is 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 7 years, the first of the installments to
be payable on or before the first Monday in January, 1994, and shall bear the
interest rate of 7.25% per annum from the date of the adoption of this
assessment resolution. 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 Council this 14th day of September, 1992.
M yor
City Admini irator