Res. #13-012 - Adopting Special Assessment on Improvement

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Res. #13 -0 /Z A RESOLUTION ADOPTING SPECIAL ASSESSMENT ON IMPROVEMENT WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment for the following improvements: Part 1. Center Street from Dupre Road to 20 Avenue, Sumac Court and Ivy Court by, reconstruction of base and street pavement, curb, storm sewer and related drainage improvements, and construction of utilities in advance of paving, and Part 2. Peterson Trail from Main Street to Fox Run, Fox Run from Peterson Trail westerly to its terminus in the cul -de -sac, Hayfield Road from Peterson Trail to Mill Road and all of Houle Circle, by removal and replacement of asphalt pavement and related drainage improvements, and NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CENTERVILLE, MINNESOTA, 1. Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby adopted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the improvement in the amount of the assessment levied against it. 2. Part 1 Special assessments shall be payable in annual installments extending over a period of 15 years, Part 2 assessments shall be payable in installments extending over a period of 10 years. The first installment of such assessments shall be payable on or before the first Monday in January, 2014 and shall bear interest at the rate of 4.0 percent per annum from July 1, 2013. Each installment shall include interest to December 31, of the year of collection. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole or part of the assessment on such property with interest accrued to the date of payment, to the City Administrator, except that no interest shall be charged on any amount paid within 30 days of the adoption of this resolution and until July 1, 2013; and may at any time thereafter, pay to the Administrator the entire amount of the assessment remaining unpaid, with interest accrued from July 1, 2013 to the date of payment. Such payment must be made before November 15 or interest will be charged to December 31 of the next succeeding year.