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<br />RES()LTJTIC)N #87-28 <br /> <br />RESOLUTION ADOPTING 1987 STREET RECONSTRUCTION ASSESSMENT <br /> <br />WHEREAS, pursuant to proper notice duly given as required by law, <br />the Council has met and heard and passed upon all objections to <br />the proposed assessment for the 1987 Street Reconstruction <br />Project for the street reconstruction of Peltier Lake Drive, Mill <br />Road, Center Street, Shad Avenue, Tourville Circle, Centerville <br />Road, and Peltier Circle, <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />CENTERVILLE, MINNESOTA: <br />1. Such proposed assessment, a copy of which is on file with the <br />City Clerk, is hereby accepted and shall constitute the special <br />assessment against the lands named therein, and each tract of <br />land therein included in hereby found to be benefited by the <br />proposed improvement in the amount of the assessment levied <br />agairlst it. <br />2. Such assessment shall be payable in equal annual installments <br />extending over a period of 15 years, the first of the <br />installments to be payable on or before the first Monday in <br />January 1989 and shall bear an interest rate of 8.3 per cent <br />annum from the date of the adaption of this assessment <br />resolution. To the first installment shall be added interest on <br />t,lle entire assessmerlt froIn the d,3.te ()f this resolutiorl u.ntil- <br />December 31, 1988. To each subsequent installment when due shall <br />be added interest for one year on all unpaid installments. <br />3. The owner of any property so assessed may, at any time prior <br />to certification of the assessment to the county auditor, pay the <br />whole of the assessment on such property with interest accrued to <br />the date of payment, to the city treasurer, except that no <br />interest s11(3.11 be charged if the entire assessment is pEtid wi t11irl <br />30 days from the adoption of this resolution; and he may, at any <br />time tllereafter, pay to the city treasurer the entire amount of <br />the assessment remaining unpaid, with interest accrued to <br />December 31 of the year in which such payment is made. Such <br />payment must be made before November 15 or interest will be <br />charged through December 31 of the next succeeding year. <br />4. The Clerk shall forthwith transmit a certified duplicate of <br />this assessment to the county auditor to be extended on the <br />proper tax lists of the county, and such assessments shall be <br />collected and paid over in the same manner as other municipal <br />taxes. <br /> <br />Aclapted by tlle Council this 9th day of September, 1B87. <br /> <br />~ <br /> <br />f<, /~ <br /> <br />Mayor <br /> <br />~M IJ t!)i~ -LJJJ/L~ <br />Ci ty mrr- ~ <br />