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City Council Resolution 2019-81CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA RESOLUTION 2019-81 ADOPTING ASSESSMENT ROLL CERTIFYING 2018 PEDESTRIAN IMPROVEMENTS, CITY PROJECT 18CO01 FOR 2020 PAYABLE TAX YEAR 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 2018 Pedestrian Improvements, City Project No. 18C001, for the construction of sidewalks, trails, and other necessary appurtenant work; and NOW, THEREFORE, BE IT RESOL VED BY THE CITY COUNCIL OF MONTICELLO, 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, 2020, and shall bear interest at the rate of 7% (percent). To the first installment shall be added interest on the entire assessment from October 28, 2019 (date of the assessment adoption) until December 31, 2020. To each subsequent year's installment, interest for entire year shall be added on the unpaid balance. The city may accept credit card payment for assessment prepayment plus a service charge of 3.5%. 3. The owner of any property so assessed may, at any time up to the end of day November 26, 2019, 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 manner as other municipal taxes. 5. The right to partially prepay the assessment is not available. ADOPTED BY the Monticello City Council this 28th day of October, 2019. CITY OF MONTICELLO i ATTEST: Brian Stump , ayor Jefity Administrator