City Council Resolution 1991-04RESOLUTION 91- 4
RESOLUTION ADOPTING ASSESSMENT ROLL
PROJECT 90-4
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 of the improvements of East County Road 39 and
Gillard Avenue with sanitary sewer, water main, and appurtenant
work.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MONTICELLO,
MINNESOTA:
1. Such proposed assessments, 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 benefited by the proposed improvement in the
amount of the assessment levied against it.
2. Such assessments against improved property shall be payable in
equal annual installments extending over a period of 10 years,
the first of the installments to be payable on or before the
first Monday in January, 1993, and shall bear the interest
rate of 8.25% per annum from the date of the adoption of this
assessment resolution. To each subsequent installment when
due shall be added interest for one year on all unpaid
assessments.
3. Such assessments against unimproved property, as noted in the
attached assessment roll, are hereby eligible for deferment of
principal and interest for a period of up to three (3) years
or until the property is subdivided, platted, or utilizes the
sanitary sewer or water main improvements, whichever occurs
first. At termination of the deferral period, the original
assessment shall be payable in equal annual installments over
a period of not less than seven years, but in no case shall
the last installment be payable later than ten years after the
levy of the original assessment. To each subsequent
installment when due shall be added interest of 8.25% per
annum on all unpaid assessments.
4. The owner of any property so assessed may, at any time prior
to certification of the assessment to the county auditor, pay
the whole of the assessment on such property, with interest
accrued to the date of payment, to the city treasurer, except
that no interest shall be charged if the entire assessment is
paid within 30 days from the adoption of this resolution; and
he may, at any time thereafter, pay to the city treasurer the
entire amount of the assessment remaining unpaid, with
interest accrued to December 31 of the year in which such
Resolution 91-4
Page 2
payment is made. Such payment must be made before November 15
or interest will be charged through December 31 of the next
succeeding year.
5. The clerk shall forthwith transmit a certified duplicate 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 Council this 28th day of January, 1991.
Mayor
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City Admi strator