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98-094 - 11-17 Waive Public Hearing Assessments Private Driveways 1998 Street ImprovementsResolution 98-94 November 17, 1998 Member introduced the following resolution and moved its adoption: RESOLUTION WAIVING THE PUBLIC HEARING PERSUANT TO MINNESOTA STATUES 429.031 AND ORDERING CERTIFICATION OF SPECIAL ASSESSMENTS ON PRIVATE DRIVEWAYS THAT INVOLVE 1998 STREET IMPROVEMENTS Project Years Interest Rate First Year Total Levy Assessed 1998 10 7% 2000 $96,725.10 Driveways 1. Each individual address (lots) will be assessed the full value of the signed contract with the homeowner for the various driveway improvement(s). 2. The proposed assessments are hereby adopted and confirmed as the proper assessments for each of said property respectively together with interest at the rate of seven (7) percent per annum accruing on the full amount thereof unpaid, shall be a lien concurrent with general taxes upon parcel and all thereof. The total amount of each such assessment not prepaid shall be payable in equal annual principal installments extending over a period of 10 years, as indicated in each case. 3. The first of said installments, together with interest on the entire assessment for the period of February 1, 1999 through December 31, 2000, will be payable with general taxes for the year of 1999, collectible in 2000, and one of each of the remaining installments, together with one year's interest on that and all other unpaid installments, will be paid with general taxes for each consecutive year thereafter unless the entire assessment is paid in full by January 29, 1999. 4. The owner may pay off the assessment in full after January 29, 1999 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 succeeding year. 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 assessment 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 manner provided by law. Mary E. Anderson, Mayor ATTEST: Shirley Nelson, City Clerk The motion for the adoption of the foregoing resolution was seconded by Member and a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: ;whereupon said resolution was declared duly passed and adopted, signed by the Mayor and her signature attested by the City Clerk.