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088-082 - 10-04 Adopting & Confirming Assessments for Public Improvements Resolution 88-82 October 4, 1988 Plember Thompson introduced the follovring resolution and moved its adoption: RESOLl1TI0N ADOPTING AND CONFIRh1ING ASSESS�IENTS FOR VARIOUS PUBLIC IMPROVE�1ENTS 1 . The amount proper and necessary to be specially assessed at this time for various public improvements: Interest First Year Total Project Years Rate Levy Assessed Street Improvement 86-11 10 8% 1989 $28,296.53 Street Improvement 86-12 10 8% 1989 2,fi92.14 Street Improvement 87-5 10 8qo 1989 12,548.44 Street Improvement 87-7 10 8% 1989 2,359.38 Street Light Installation - 88 RSL 162 5 8% 1989 21,891.30 Street Light Installation - 88 RSL 165 5 8qo 198� 8,927.04 Street Light Installation - 88 RSL 166 5 8% 1989 14,116.90 Street Light Installation - 88 RSL 171 5 8% 1989 10,801.80 Seal Coat 88-1 1 8% 1989 9,846.87 against every assessable lot, piece, or parcel of land affected thereby has been duly calculated upon the basis of henefits, without, regard to cash valuation, in accordance with the orovisions �f flinnesota Statutes, Chapter 429, and notice has been duly published, as required by law that this Council would rieet to hear, consider and pass upon all objections, if any, and said proposed assessment has at all time since its filing been open for public inspection and an opportunity has been given to all interested persons to present their objections, if any, to such proposed assessments. 2. This Council , having heard and considered all objections so presented, and bei ng ful ly advi sed i n the premi ses, fi nds that each of the 1 ots, ;�i eces and parcels of land enumerated in the proposed assessments (as amended) was and is specially benefited by the construction of said improvement in not less than the amount of the assessment set opposite the description of each such lot, piece and parcel of land respectively, and such amount so set out is hereby levied against each of the respective lots, pieces and parcels of land therei� desc ribed. 3. The proposed assessments (as amended) are hereby adopted and confirmed as the proner special assessments for each of said lots, pieces and parcels of land respectively, and the assessment against each parcel , together with interest at the rate of 8% per annur� accrui ng on the ful 1 amount thereof unpaid, shal 1 be a lien concurrent with general taxes upon parcel and all thereof. The total amount of each such assessment shall be payable in equal annual principal installments extending ove r a pe riod of years, as indicated in each case. The first of said installments, together with interest on the entire assessment for a full year, will be payable with general taxes for the year of 1988, collectible in 19�9, and one of each of the remaining installments, tagether with one year's i nterest on that and al 1 other unpaid i nstal lments, wi 1 1 be payable ��i th general taxes for each consecutive year thereafter until the entire assessment is paid. 4. Prior to certification of the assessment to the County Auditor, the owner of any lot, piece or parcel of land assessed hereby may at any time pay the whole such assessment, with interest to the date of pay ment, to the City Treasurer, but no interest shall be charged if such payment is made within 30 days after the date of this resolution. Resolution 88-82 - Continu�d October 4, 1988 5. The City Clerk shall , as soon as may be, prepare and transmit to the County Auditor a certified duplicate of the assessment roll , with each installment and interest on each unpaid assessrnent set forth separately, to be extended upon the proper tax lists of the County and the County Auditor shall thereafter collect said assessment in the r�anner provided by law. �� � � � �� ���� Mary E. derson, r�ayor ATTEST: u Nal y, eputy ity Clerk The riotion for the adoption of the foregoing resolution was seconded by P1ember Bakken and upon a vote being taken thereon, the following voted in favor thereof: Anderson, Bakken, Johnson, Stockman and Thompson; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted, signed by the flayor and her signature attested by the Deputy City Clerk.