HomeMy WebLinkAbout6. O'Leary's Hills 2nd Addition Assessment Hearing (2)0 CITY OF ROSEMOUNT is
RESOLUTION 1987-
A RESOLUTION ADOPTING ASSESSMENT ROLL
(01LEARY'S 2ND ADDITION UTILITY AND STREET IMPROVEMENTS
(PROJECT NO. 155)
WHEREAS, pursuant to notice duly given as required by law, the City
Council has met, heard and passed upon all objections to the proposed
assessment for O'Leary's Hills 2nd Addition Utility and Street
Improvements of 1986, Project No. 155, and has amended such proposed
assessment as it deems just.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of
Rosemount, Minnesota, a follows:
(1) Such proposed assessment, a copy of which is attached hereto and
made a part hereof is hereby accepted and shall constitute the
special assessment against the lands named therein, and each tract
of land therein is hereby found to be benefited by the proposed
improvement.
2. Such assessments shall be as follows:
(a) The assessments shall be payable in equal annual installments
including principal and interest extending over a period of
three (3) years, with interest at the rate of eight and two-
tenths (8.2%) percent per annum, in theamountannually
required to pay the principal over such period at such rate,
the first of said installments to be payable with general
taxes for the year 1988, collectible with such taxes during
the year 1988.
(b) The owner of the property so assessed may at any time prior to
the certification of the assessment to the County Auditor, pay
to the City Treasurer, and thereafter at any time prior to
November 15 of any year pay to the County Auditor, the whole
of the principal amount of the assessment on such property
provided that no such prepayment shall be accepted without
payment of all installments die to and including December 31
of the year of prepayment, and the original principal amount
reduced only by the amounts of principal included in such
installments computed on an annual amortization basis.
3. The Administrator/Clerk shall forthwith transmit a certified
duplicate copy of this assessment roll to the County Auditor to be
extended on the tax list of the County.
ADOPTED this day of September, 1987.
ATTEST Leland S. Knutson, Mayor
ep an jilk, A5iinistratorlClerk