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13-084 - 10-01 - waving public hearing and certify special assessments - eldridge 3rd addition PUD #109 Resolution 13-84 October 1, 2013 Member Scanlon introduced the following resolution and moved its adoption: RESOLUTION WAIVING THE PUBLIC HEARING PURSUANT TO MINNESOTA STATUTES 429.031 AND ORDERING CERTIFICATION OF SPECIAL ASSESSMENTS ON PUBLIC IMPROVEMENTS CONSTRUCTION FOR ELDRIDGE 3RD ADDITION, P.U.D. 109 Pro'ect Years Interest Rate First Year Lev Total Assessed 2013 Eldridge 10 6% 2014 $181,639.00 3rd Addition P.U.D. 109 1. Each parcel of land (!ot) associated with the Eldridge 3rd Addition will be assessed - an equal portion of the signed agreement with the property owner for the Public Improvement Construction for Eldridge 3rd Addition, P.U. D. 109. 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 six (6) 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 through December 31, 2014, will be payable with general taxes for the year of 2013, collectible in 2014, 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, 2013. 4. The owner may pay off the assessment in full after November 16, 2013 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. �� , , Shepa d M. Harris, M yor Resolution 13-84 - Continued October 1, 2013 ATTEST: Susan M. Virnig, City Clerk The motion for the adoption of the foregoing resolution was seconded by Member Clausen and upon a vote being taken thereon, the following voted in favor thereof: Clausen, Harris, Pentel, Scanlon and Schmidgall; 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.