City Council Resolution 2017-76CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION 2017-76
ADOPTING ASSESSMENT ROLL CERTIFYING
2017 STREET RECONSTRUCTION AND UTILITY IMPROVEMENT PROJECT
FOR 2018 PAYABLE TAX YEAR, CITY PROJECT NO. 16CO03
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 the 2017 Street
Reconstruction and Utility Improvement Project, City Project 16C003, for Gillard Avenue, 95th
Street, 90th Street, and Mississippi Drive, for the reconstruction of street including curb and
gutter, storm sewer, sanitary sewer and water supply systems; signage; and other appurtenance
work; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MONTICELL0,
MINNESOTA:
1. Such proposed assessment, copies of which are 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 assessment shall be payable in annual installments extending over a period of ten
years, the first of the installments to be payable in the tax year of the first Monday in
January, 2018, and shall bear interest at the rate of 4.5% (percent). To the first
installment shall be added interest on the entire assessment from October 9, 2017 (date of
the assessment adoption) until December 31, 2018. To each subsequent year's
installment, interest for entire year shall be added on the unpaid balance.
3. The owner of any property so assessed may, at any time up to the end of day November
27, 2017, pay the whole of the assessment on such property to the city, with no interest.
In any subsequent year, the owner may pay to the city the entire principal amount of the
assessment remaining unpaid, with the exception of the amount assessed on the current
taxes. Such payment shall be made by November 15 or interest will be charged through
December 31 of the next succeeding year.
4. The clerk shall forthwith transmit a certification 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 mam-ier as other municipal taxes.
5. The right to partially prepay the assessment is not available.
ADOPTED BY the Monticello City Council this 9"' day of October, 2017.
CITY OF MONTICELLO
�i
Brian Stumpf, Mayo
ATTEST:
Jeff ' ' �1, City Administrator