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<br />e <br /> <br />e <br /> <br />- <br /> <br />RESOLUTION 93 - <br /> <br />RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL <br /> <br />WHEREAS, <br /> <br />upon due notice properly made as required by law, the Elk River <br />City Council has met and heard and passed upon all objections to the <br />proposed assessment for the Trunk Sanitary Sewer and Water <br />Improvement for CherryHill Bluffs 2nd Addition and has determined the <br />amount to be assessed against each individual property as the Council <br />deems just. <br /> <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Elk River, <br />Minnesota: <br /> <br />1. Final assessment roll, a copy of which is attached hereto and <br />incorporated herein by this reference, is hereby accepted and adopted and <br />shall constitute the special assessment against the lands therein named. <br />Each such tract of land in the assessment roll is hereby found to be <br />benefitted by the improvement in an amount not less than the amount of <br />the assessment levied against it. <br /> <br />2. Such assessment shall be payable in equal annual installments, including <br />both principal and interest, amortized in such amount annually as is <br />required to pay the principal with interest as 5.75% over a period of <br />three years. <br /> <br />3. <br /> <br />The owner of any property so assessed, may, at any time prior to <br />certification to the County Auditor of the assessment or the first <br />installment thereof, pay to the City Treasurer the whole of the <br />assessment on such property, with interest accrued to the date of <br />payment; except that no interest shall be charged if the entire <br />assessment is paid within 30 days after the adoption of this Resolution. <br />Prepayment may also be made after the certification of the assessment or <br />first installment thereof by paying to the City Treasurer/Auditor the <br />entire amount of the assessment remaining unpaid with interest. In the <br />case of a payment made before November 15, interest will be calculated <br />through December 31 of the next succeeding year. <br /> <br />4. The City Administrator shall transmit to the County Auditor a certified <br />duplicate of the attached assessment roll to be extended on the property <br />tax lists of the County. Such assessment shall be collected and paid <br />over in the same manner as other municipal taxes. <br /> <br />Passed and adopted by the City Council of the City of Elk River this 25th day <br />of OctOber, 1993. <br /> <br />Henry Duitsman, Mayor <br /> <br />ATTEST: <br /> <br />Sandra A. Thackeray, City Clerk <br />