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RES 2012-65 - 14957RESOLUTION NO. 2012 - 65 A RESOLUTION ABATING THE ACCRUED INTEREST FOR THE TAXES PAYABLE YEARS OF 2011 AND 2012 FOR 6111 STAR LANE NE WITHIN THE 2009 -2 STREET IMPROVEMENT PROJECT WHEREAS, the City Council on the evening of October 25, 2010 approved the final assessment on all properties within the 2009 -2 Street Improvement Project; and WHEREAS, subsequent to this assessment, it was discovered a clerical error had been made in the final roll given to Anoka County and an incorrect property received an assessment, and WHEREAS, in order to correct this error, the Fridley City Council approved a Resolution on August 20, 2012 to abate the special assessment for the incorrect property; and WHEREAS, as a courtesy to the correct property owner for an error on the City's behalf, the City is willing to forgive the accrued interest on the outstanding principal payments; and WHEREAS, due to the City changing the terms of the original payment schedule by dismissing interest that should have been paid in 2011 and 2012, Anoka County requires a resolution stating the Council's intentions; and WHEREAS, for taxes pay 2013 and beyond, the remaining unpaid special assessment will mirror the original amortization schedule; and NOW THEREFORE BE IT RESOLVED that the City Council of the City of Fridley, is abating the accrued interest in the amounts of $399.43 and $303.73 for the taxes payable years of 2011 and 2012, respectively, for the fallowing parcel within the ST. 2009 -2 Street Improvement Project: PIN 14- 30 -24 -33 -0060 PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 10th DAY OF SEPTEMBER 2012. -Av Kaml�l Ott I Lund, Mayor ATTEST: 44-44vne Debra A. Skagen, Citq Clerk