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City Council Resolution 2008-78CITY OF MON'T10ELL0 WRIGHT COUN'T'Y, NEWNESOTA RESOLUTION NO. 2008 -78 RESOLUTION ADOPTING SPECIAL ASSESSMENTS ASSOCIATED WITH THE EXT NSI•iON OF AN &INCH WAT .&MAIN TO SERVE LOT 1, BLOCK 1, BARGER ADDITION (PID No. 155-075-001010) AS PART OF CHELSEA ROAD RECONSTRUCTION PROJECT N0.2006 -31C WHEREAS, the City has received and approved a Public Improvement and Assessment Agreement from the property owner of Lot 1, BIock 1, Barger Addition (PID No. 135 -75 -001010) waiving its right to special assessment hearings for all fees associated with the extension of an 8 -inch water main and all other appurtenances to save 1,ot 1, Blcck 1, Barger Addition in connection with Cuelsea Road Reconstruction Project No. 2006-31C. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Monticello, Minnesota: 1. Such proposed assessment, a copy of which is attached hereto and made a part hereo% is hereby accepted and shall constitute the special assessment against the lands named therein and the tract of land therein included is 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 ten (10) years, the first of the installments to be payable on or before the first Monday in January, 2009, and shall bear interest at the rate of five percent (5) per annum from the date of adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from December 1, 2009 until December 31, 2009. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The property owner may, at any time prior to certification of the assessment to the County, pay the whole of the assessment on such property with interest accrued to the date of payment to the City, except that no interest shall be charged if the entire assessment is paid within thirty, (30) days from the adoption of this resolution and the owner may at any time thereafter pay the City the entire amount of the assessment reanaining unpaid with interest accrued to Decembcr 31 of the year in which the payment is made. Such payment must be made before November 30 or interest will be charged through December 31, of the next succeeding year. i394s9voi 4. The City Clerk shall forthwith transmit a certified duplicate of this assessment to the County to be extended on the proper tax lists of the County and such assessments shall be collected and paid over in the same manner as other municipal taxes. 5. The total cost of the improvement assessed by this resolution is $4,134.50. ADO pTFD this 22nd day of September 2008, by the City Council of the City of Monticello, Minnesota. CITY OF MONTICELLO By: Z22'4��t Clint Herbst, ayor ATTEST: 139419vGl 2