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I .' I RESOLUTION #87-28 RESOLUTION ADAPTING 1981 STREET RECONSTRUCTION ASSESSMENT ./ 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 1981 Street Reconstruction Project for the street reconstruction of Peltier Lake Drive. Mill Road, Center Street. Shad Avenue. Tourville Circle. Centerville Road, and Peltier Circle, { NOW THEREFORE. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTERVILLE, MINNESOTA: 1. Such proposed assessment. a copy of which is on file with the City Clerk. is hereby accepted and shall constitute the special assessment against the lands named therein. and each tract of land therein included in hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of 15 years, the first of the installments to be payable on or before the first Monday in January 1989 and shall bear an interest rate of 8.3 per cent annum from the date of the adapt ion of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 1988. To each subsequent installment when due shall be added interest tar one year on all unpaid installments. 3. The owner of any property so assessed may. at any time prior to certifioation of the assessment to the county auditor. pay the whole of the assessment on such property with interest accrued to the date of payment. to the city treasurer. except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and he may, at any time thereafter. pay to the city treasurer 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 through December 31 of the next succeeding year. 4. The Clerk shall forthwith transmit a certified duplicate of this assessment to the county auditor to be extended on the proper tax lists of the county, and such assessments shall be collected and paid over in the same manner as other municipal taxes. Adapted by the Council this 9th day of September, 1981. ~ ~, J/~ Mayor ~~ w~'M IlttRL~LJJ)/~ City Cl r '