City Council Resolution 2020-74CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION 2020-74
ADOPTING ASSESSMENT ROLL CERTIFYING
THE 2020 STREET IMPROVEMENTS PROJECT, CITY PROJECT 200001
FOR 2021 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 2020 Street
Improvements Project, City Project No. 200001, including the milling and/or removal of
existing pavement and overlaying of new pavement; curb and gutter replacements; storm sewer
and drainage improvements; pedestrian improvements; traffic control; signage; and other
necessary appurtenant work; and
NOW, THEREFORE, BE IT RESOL VED 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, 2021 and shall bear interest at the rate of 3.5% (percent). To the first installment
shall be added interest on the entire assessment from October 26, 2020 (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
25, 2020, 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 15th or interest will be charged through
December 31St 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 26th day of October, 2020.
CITY OF MONTICELLO
B fian Stum
ATTEST:
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J4Ctifer Schr ' er, City Clerk