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03-43 - 10-07 - Waive PH for Special Assessment Driveways Meadow Lane Area Resolution 03-43 October 7, 2003 Member LeSuer introduced the following resolution and moved its adoption: RESOLUTION WAIVING THE PUBLIC HEARING PURSUANT TO MINNESOTA STATUES 429.031 AND ORDERING CERTIFICATION OF SPECIAL ASSESSMENTS ON PRIVATE DRIVEWAYS THAT INVOLVE 2002 CITY STREET IMPROVEMENTS 02-1 MEADOW LANE AREA (PHASE II AND III) Project Years Interest Rate First Year Levy Total Assessed 2003 City Driveways t 10 7% 2004 $103,200.37 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 January 1, 2004 through December 31, 2004, will be payable with general taxes for the year of 2003, collectible in 2004, 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 November 21, 2003. 4. The owner may pay off the assessment in full after November 21, 2003 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. S Gloria L. Johnson;'Mayor Pro Tem Resolution 03-43 - Continued October 7, 2003 ATTEST: Donald G. aylor, C' rk The motion for the adoption of the foregoing resolution was seconded by Member Grayson and upon a vote being taken thereon, the following voted in favor thereof: Grayson, Johnson, LeSuer and Tremere; and the following was absent: Loomis, and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted, signed by the Mayor Pro Tem and her signature attested by the City Clerk.