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Last modified
7/17/2007 9:13:07 AM
Creation date
4/25/2005 12:03:31 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
6994
Resolution Title
Accepting Bid on Sale of $2,415,000 General Obligation Improvement Bonds, Series 10 Providing for their Issuance and Levying a Tax for the Payment Thereof
Resolution Date Passed
8/11/1980
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<br />i~?rovement specifies a different time limit for the letting of <br />construction contracts and will do and perform as soon as they <br />ray be done, all acts and things necessary for the final and <br />valid levy of such special assessments, and in the event that <br />a~y such assessment be at any tim~-held invalid with respect to <br />a~y lot, piece or parcel of land due to any error, defect, or <br />i~regularity, in any action or proceedings taken or to be taken <br />by the City or this Councilor any of the City officers or <br />e~ployees, either in the making of the assessments or in the <br />performance of any condition precedent thereto, the City and <br />this Council will forthwith do all further acts and take all <br />further proceedings as may be required by law to make the <br />assessments a valid and binding lien upon such property. <br />Subject to such adjustments as are required by conditions in <br />existence at the time the assessments are levied, it is hereby <br />determined that the assessments shall be payable in equal, <br />consecutive, annual installments, with general taxes for the <br />years shown below and with interest on the deferred balance of <br />all such assessments at the rate of at least % per annum: <br /> <br />I~provement <br />Desianation <br />~ <br /> <br />Amount <br /> <br />Levy Years <br /> <br />(se. next. pa.,. a1:t.acbed 1l.em.) <br /> <br />At the time the assessments are in fact levied the <br />City Council shall, based on the then current estimated col- <br />lections of the assessments, make any adjustments in any ad <br />valorem taxes required to be levied in order to assure that the <br />City continues to be in compliance with Minnesota Statutes, <br />Section 475.61, Subdivision 1. <br /> <br />11. To provide moneys for payment of the principal <br />and interest on the bonds there is hereby levied upon all of <br />the taxable property in the City a direct annual ad valorem tax <br />which shall be spread upon the tax rolls and collected with and <br />as part of, other general property taxes in the City for the <br />years and in the amounts as follows: <br />
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