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40 under Minnesota Statutes Chapter 429, and all rights to appeal in the courts. Should the 41 Assessment Amount exceed $160,000 by fifteen percent (15 %), demolition of the Buildings 42 shall not proceed without written approval of the excess costs by the Owners. 43 3. Payments. The voluntary assessments will be spread over twelve (12) years with a two - 44 year repayment deferral with no interest accruing and ten (10) year repayment schedule 45 beginning in 2014. Interest shall accrue starting in 2014 at the rate of six percent (6 %) per 46 year on the unpaid balance of the Assessment Amount. If the Owners fail to make any 47 payment of the Assessment Amount when due, the City may take all necessary enforcement 48 action, including the right to impose penalties and interest and to commence judicial action 49 to collect the payment. 50 3. The City Manager shall forthwith prepare and transmit to the County Auditor a certified 51 duplicate of the assessment roll, with each installment and interest on each unpaid 52 assessment set forth separately, to be extended upon the property tax lists of the 53 County, and the County Auditor shall thereafter collect such assessments in the manner 54 provided by law. 55 56 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Roseville, 57 Minnesota: 58 59 The motion for the adoption of the foregoing resolution was duly seconded by Member 60 and upon vote being taken thereon, the following voted in favor thereof: 61 and the following voted against the same: 62 63 WHEREUPON said resolution was declared duly passed and adopted.