Res. #08-020 - Special Assessments - Old Mill Road

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1880 9dain Street, CentervifU, 9d!N 55038 651-429-3232 or <F~ 651-429-8629 STATE OF MINNESOTA COUNTY OF ANOKA CITY OF CENTERVILLE Res. #08-020 A RESOLUTION ADOPTING SPECIAL ASSESSMENTS ON IMPROVEMENTS ASSOCIATED WITH A PORTION OF OLD MILL ROAD AS OUTLINED BELOW WHEREAS, pursuant to proper notice dilly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment for improvement of Old Mill Road from a point approximately 200 feet north of Revoir Street to the north city limits by installation of watermain, sanitary sewer, street pavement, curb, storm sewer and related drainage improvements, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF CENTERVILLE, MINNESOTA, 1. Such proposed assessment, a copy of which is attached hereto as Exhibit A 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. Such assessment shall be payable in annual installments extending over a period of 15 years, the first installment to be payable on or before the first Monday in January, 2009 and shall bear interest at the rate of 5.5 percent per annum from the date of the adoption of this assessment resolution. 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 he may at any time thereafter, pay to the Administrator the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged to December 31 of the next succeeding year.