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<br />RESOLUTION 88-83 <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />. <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 <br />the proposed assessment for the Downtown Beautification improvement <br />and has determined the amount to be assessed against each <br />individual property as the Council deems just. <br /> <br />NOW. THEREFORE. BE IT RESOLVED by the City Council of the City of Elk River. <br />Minnesota: <br /> <br />1. The final assessment roll. a copy of which is attached hereto <br />and incorporated herein by this reference. is hereby accepted <br />and adopted and shall constitute the special assessment against <br />the lands therein named. Each such tract of land in the <br />assessment roIl is hereby found to be benefitted by the <br />improvement in an amount not less than the amount of the <br />assessment levied against it. <br /> <br />2. Such assessment sha11 be payable in equal annual installments. <br />including both principal and interest. amortized in such amount <br />annually as is required to pay the principal with interest at <br />10% over a period of 10 years. <br /> <br />. <br /> <br />3. The owner of any property so assessed. may. at any time prior <br />to certification to the County Auditor of the assessment or the <br />first installment thereof. pay to the City Treasurer the whole <br />of the assessment on such property. with interest accrued to <br />the date of payment; except that no interest shall be charged <br />if the entire assessment is paid within 30 days after the <br />adoption of this Resolution. Prepayment may also be made after <br />the certification of the assessment or first installment <br />thereof by paying to the City Treasurer/County Auditor the <br />entire amount of the assessment remaining unpaid with interest. <br />In the case of a payment made before November 15. interest will <br />be calculated through December 31 of the next succeeding year. <br /> <br />4. The City Administrator shall transmit to the County Auditor a <br />certified duplicate of the attached assessment roll to be <br />extended on the property tax lists of the County. Such <br />assessment shall be collected and paid over in the same manner <br />as other municipal taxes. <br /> <br />Passed and adopted by the Elk River City Council this 26th day of <br />September. 1988. <br /> <br />&JL!1 C ~ <br /> <br />Estelle E. Gunkel. Mayor <br /> <br />ATTEST: <br /> <br />.. )~}) d~~ <br /> <br />Patrick D. Klaers. City Administrator <br />