Res 1997-94 4e1c
RESOLUTION NO. 94 - 1997
RESOLUTION ADOPTING ASSESSMENT FOR ALDEN WAY PROJECT
NO. ST 1996-1&2
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 concrete curb and gutter improvement of
Alden Way from 79th Avenue to 300 feet south of Rickard Road.
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 ten years, the first of the installments to be payable
on or before the first Monday in January, 1998, and shall bear interest
at the rate of 6 11 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 he date of this resolution until
December 31, 1998. 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 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.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 27TH
DAY OF OCTOBER, 1997 .
r CY /. j0 7' N .4N - MAYOR
ATTEST:
1 •� • ■.•� I .A [ 4i.1 ■
WILLIAM A. CHAMPA - CI Y CLERK
55