City Council Resolution 1989-09RESOLUTION 89- 9
RESOLUTION ADOPTING ASSESSMENT ROLL
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 for
improvement of Broadway, River, and Third Streets between Linn Street on the
west to Palm Street on the east with curb, gutter, sidewalk, landscaping, and
other appurtenant work associated with a downtown streetscape improvement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MONTICELLO, MINNESOTA:
1. Such proposed assessment, 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 and hereby found to be benefited by the proposed
improvements in the amount of the assessment levied against it.
2. Such assessment shall be payable in equal annual installments extending
over a period of 15 years, the first of the installments to be payable on
or before the first Monday in January, 1991, and shall bear interest at
the rate of 8.75 percent annum from the date of the adoption of this
assessment resolution. To the first installment shall be added interest
on the entire assessment for the date of this resolution until
December 31, 1990. To each subsequent installment when due shall be
added interest for one year on all unpaid installments.
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 his
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 of 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 27th day of March, 1989.
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Ke Maus, Mayor
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Rick Wolfst ler
City Admin' trator