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City Council Resolution 1989-05RESOLUTION 89- 5 RESOLUTION ADOPTING ASSESSMENT ROLL xrsuant 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 sanitary sewer and water main extensions and appurtenant work from Golf Course Road to serve property owned by Floyd Markling and the Monticello Country Club. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MONTICELLO, MINNESOTA: 1. 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 and 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 15 years, the first of the installments to be payable on or before the first Monday in January, 1991, and shall bear interest at the rate of 9 percent annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment for the date of this resolution until December 31, 1990. 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 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 next succeeding year. 4. The clerk shall forthwith transmit a certified duplicate of this assessment of 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 13th day of February, 1989. ~~ Mayor ~~ w~ City Adminis rator 1988-07 IMPROVEMENT PROJECT allments: Interest Rate: Interest Due From: 1st Installment Due: Financing Source: Purpose: Total Assessed: Total Ad Valorem: 15 years Equal principal, declining interest 9$ February 14, 1989 1990 Capital Outlay Revolving Fund Sanitary sewer, water main, street improvements to Monticello Country Club Manor (townhouse development) and Monticello Country Club. $62,184.09 -0-