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City Council Resolution 2009-63CITY OF MONTICELLO RESOLUTION 2009 -63 ADOPTING ASSESSMENT ROLL FALLON AVENUE PAVEMENT REHABILITATION CITY PROJECT NO.09CO05 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 improvement of Fallon Avenue between Chelsea Road and School Boulevard by the rehabilitation of the street and other appurtenant work, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MONTICELLO, MINNESOTA: 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 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 five or ten years, the first of the installments to be payable in the tax year of the first Monday in January, 2010, and shall bear interest at the rate of 4.5% percent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2010. 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 up to November 30, 2009, pay the whole of the assessment on such property to the City Treasurer, with interest accrued to the date of payment, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution. In any subsequent year, the owner may pay to the City Treasurer 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 before 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. Adopted by the Monticello City Council this 26th day of October, 2009. ATTEST: ��zez Clint Herbst, Mayor Jeff Oi , i y Administrator