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7/17/2007 9:08:04 AM
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4/23/2005 5:03:21 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
5671
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<br />11. It is hereby determined that no less than <br />$1,454,200 of the cost of improvements shall be paid by spec- <br />ial assessments to be levied against every assessable lot, <br />piece and parcel of land benefited by said improvements. The <br />Village hereby covenants and agrees that it will do and per- <br />form as soon as they may be done, all acts and things neces- <br />sary for the final and valid levy of such special assessments, <br />and in the event that any such assessment be at any time held <br />invalid with respect to any lot, piece or parcel of land due <br />to any error, defect, or irregularity, in any action or pro- <br />ceedings taken or to be taken by the Village or this Council <br />or any of the Village officers or employees, either in the <br />making of such assessments or in the performance of any con- <br />dition precedent thereto, the Village and this Council will <br />forthwith do all such further acts and take all such further <br />proceedings as may be required by law to make such assessments <br />a valid and binding lien upon such property. The assessments <br />pledged to the payment of the bonds of this issue are or shall <br />be payable as follows: <br /> <br />(a) $370,800 of such assessments are payable in <br />20 equal, consecutive, annual installments, the <br />first installment of which will be collectible <br />with 1969 taxes. Interest at 6%. <br /> <br />(b) $95,300 of such assessments are payable in <br />10 equal, consecutive, annual installments, the <br />first installment of which will be collectible <br />with 1969 taxes. Interest at 6%. <br /> <br />(c) $25,600 of such assessments are payable in <br />20 equal, consecutive, annual installments, the <br />first installment of which will be collectible <br />with 1970 taxes. Interest at 8%. <br /> <br />(d) $32,300 of such assessments are payable in <br />10 equal, consecutive, annual installments, the <br />first of which will be collectible with 1970 taxes. <br />Interest. at 8%. <br /> <br />(e) $930,200 of such assessments shall be pay- <br />able in 20 equal, consecutive, annual installments, <br />the first of said installments to be payable with <br />1971 taxes, collectible during the year 1972. <br />Interest at 8%. <br /> <br />-8- <br /> <br />"'to <br />
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