res_6994 - Laserfiche WebLink

Home

i~?rovement specifies a different time limit for the letting of construction contracts and will do and perform as soon as they ray be done, all acts and things necessary for the final and valid levy of such special assessments, and in the event that a~y such assessment be at any tim~-held invalid with respect to a~y lot, piece or parcel of land due to any error, defect, or i~regularity, in any action or proceedings taken or to be taken by the City or this Councilor any of the City officers or e~ployees, either in the making of the assessments or in the performance of any condition precedent thereto, the City and this Council will forthwith do all further acts and take all further proceedings as may be required by law to make the assessments a valid and binding lien upon such property. Subject to such adjustments as are required by conditions in existence at the time the assessments are levied, it is hereby determined that the assessments shall be payable in equal, consecutive, annual installments, with general taxes for the years shown below and with interest on the deferred balance of all such assessments at the rate of at least % per annum: I~provement Desianation ~ Amount Levy Years (se. next. pa.,. a1:t.acbed 1l.em.) At the time the assessments are in fact levied the City Council shall, based on the then current estimated col- lections of the assessments, make any adjustments in any ad valorem taxes required to be levied in order to assure that the City continues to be in compliance with Minnesota Statutes, Section 475.61, Subdivision 1. 11. To provide moneys for payment of the principal and interest on the bonds there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of, other general property taxes in the City for the years and in the amounts as follows: