City Council Resolution 1992-28RESOLUTION 92- 28
RESOLUTION ADOPTING ASSESSMENT ROLL
PROJECT 92-08SW
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 various sidewalks within
the City of Monticello's grid system.
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 benefitted
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 5 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 28th day of September, 1992_.,
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