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RES 1987-36 - 00004624• �. piMAMON REMOVIM THE ASSESSMENT PLACED ON PARCEL 2570, SECTION 2, UNDER THE ST. 1986 -1 STREET IMPROVEMENT PROJECT, ABATING THE ANNUAL PAYMENT ON THE 1987 TAX STATEMENT, AND DEFERRING THIS ASSESSMENT UNTIL THE PROPERTY IS SOLD, REN AT EDP OR HAS NEW DEVELOPMENT IN E70�SS OF 3,600 SQUARE FEET WHEREAS, an assessment in the amount of $18,979.78 was placed on Parcel 2570, Section 2, under the ST. 1986 -1 Street Improvement Project on September 8, 1986; and WHEREAS, proposed expanded development of this property has been deferred to some future date; and WHEREAS, the first annual payment on this assessment has already been placed on the Tax Statement issued by Anoka County payable in 1987 on Parcel 2570, Section 2. NOW, THEREFORE, BE IT RESOLVED as follows: That the original certification of $18,979.78 under the ST. 1986 -1 Street ' Improvement Project placed on Parcel 2570, Section 2, be removed from the assessment rolls at this time; and That this certification will again be placed on Parcel 2570, Section 2, including any accrued interest, at such time as the property is sold, replatted, or has new development in excess of 3,600 square feet; and That an abatement request will be issued to Anoka County requesting that the first annual payment of $3,981.80 on the ST. 1986 -1 Street Improvement Project appearing on the tax statement payable in 1987 on Parcel 2570, Section 2, will be removed. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 6TH DAY OF APRIL, 1987 WAW- _>� WILLIAM J. NEC/MAYOR ATTEST: SHIRLEY A. 4WALA - CIS 1