Res 2002-61 RESOLUTION NO.61 -2002
RESOLUTION ADOPTING ASSESSMENT FOR THE VARICHAK
UTILITY PROJECT NO.342
WHEREAS, an Assessment and Payment Agreement For Certain Improvements Located in the Varichak
Addition, City of Fridley Minnesota is signed by all interested parties,
AND WHEREAS,the Agreement states that the outstanding balance will be assessed at seven(7)percent
over fifteen(15)years with a five(5)percent administrative charge added on,
AND WHEREAS, the City has chosen to assess the project at six and one half(61/2) percent over 15
years without the 5 percent administrative charge.
NOW THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF FRIDLEY,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 benefited by the proposed improvement in the amount of the assessment
levied against it.
Such assessment shall be payable in equal annual installments extending over a period of fifteen years,
the first of the installments to be payable on or before the first Monday in January, 2003, and shall bear
interest at the rate of 6 Y2 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, 2003. To each subsequent installment when due shall be added interest for one year
on all unpaid installments.
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 payment is made. Such payment must be made before November 15 or interest
will be charged through December 31 of the next succeeding year.
The Finance Director 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.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 28TH DAY
OF OCTOBER, 2002.
Ls!
S J. UND MAYOR
ATTEST: 7
DE:RA A. SKOGEN-C ! CLERK
Resolution No. 61-2002 Page 2
VARICHAK UTILITY PROJECT NO.342
Name PIN No. Actual Assessment
Angelique K.Fredericksen et al 24-30-24-11-0131 $11,647.80
5942 Benjamin Street NE ($6,072.50)
Fridley,MN 55432 $5,575.30
Current Owner 24-30-24-11-0132 $11,647.80
Steven&Karen Hank ($6,072.50)
5924 Benjamin Street NE $5,575.30
Fridley,MN 55432
Agreement Signed by Previous Owner
Beverly Wales
9509 Dogwood Avenue N
Brooklyn Park,MN 55443-1564