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12-052 - 07-03 - waive public hearing - order certification 2012 misc assessment agreement Resolution 12-52 July 3, 2012 Member Pentel introduced the following resolution and moved its adoption: RESOLUTION WAIVING THE PUBLIC HEARING PURSUANT TO MINNESOTA STATUTES 429.031 AND ORDERING CERTIFICATIQN OF SPECIAL ASSESSMENTS OF 2012 MISCELLANEOUS SETTLEMENT AGREEMENT Pra�ect Years Interest Rate First Year Lev Total Assessed 2012 Miscellaneous 2 5% 2013 $7,OQ0.00 Settlement Agreement 1. The amount proper and necessary to be specially assessed at this time for Settlement Agreement and Release: 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 five (5) 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 2 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, 2013 through December 31, 2013, will be payable with general taxes for the collectible in 2013, 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 15, 2012. 4. The owner may pay off the assessment in full after November 15 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 Caunty Auditor shall thereafter collect said assessment in the manner provided by law. Resolution 12-52 - Continued July 3, 2012 6. 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 farth separately, to be extended upon the praper tax lists of the County and the County Auditor shall thereafter collect said assessm�nt in the manner provided by law. Shepar . Harris, May ATTEST: `� V Susan M. Virnig, City Clerk The motion for the adoption of the foregoing resolution was seconded by Member Freiberg and upon a vote being taken thereon, the following voted in favor thereof: Clausen, Freiberg, Harris and Pentel; and the following was absent: Scanlon; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted, signed by the Mayor and his signature attested by the City Clerk.