HomeMy Public PortalAbout1994-076Member Zietlow introduced the following resolution and moved its adoption:
CITY OF MEDINA
RESOLUTION NO. 94-76
RESOLUTION ADOPTING AN ASSESSMENT ROLL FOR THE
COUNTY ROAD 116 TRUNK WATER MAIN IMPROVEMENT
WHEREAS, following proper notice duly given as required by law, the city
council has met and heard and passed upon all objections to the proposed assessment
for the County Road 116 trunk water main improvement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Medina, Minnesota as follows:
1. Such proposed assessment, a copy of which is attached hereto and made
a part hereof , is hereby accepted and shall constitute the special
assessment against the lands named therein, and each tract of land
therein included is hereby found to be benefited by the improvements
in the amount of the assessment levied against it.
2. Such assessment shall be payable in equal annual installments extending
over a period of 10 years, the first of the installments to be payable on
or before the first Monday in January, 1995 and shall bear interest at
the rate of 8 per cent per annum from the date of the adoption 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, 1994. To each subsequent installment when due shall be added
interest for one year on all unpaid installments.
3. The owner of any property so assessed may, at any time prior to
certification 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 clerk -treasurer, except that no interest shall be
charged if the entire assessment is paid within 30 days from the
adoption of this resolution; and such owner may, at any time
thereafter, pay to the city clerk -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. Notwithstanding anything else herein to the contrary, the principal
payments on the assessment levied against Lot 1, Block 1, Twin City
Monorail (P . I . N . 11 118 23 11 0011) shall be deferred for five years or
until the property is sold or developed, whichever occurs first.
Interest on said assessment shall not be deferred but shall be
compounded and paid annually.
xHB80277
ME230-158
5. The clerk -treasurer shall at the appropriate time transmit a certified
duplicate of this assessment to the Hennepin county auditor to be
extended on the property tax lists of the county. Such assessments
shall be collected and paid over in the same manner as other municipal
taxes.
Dated: November 17, 1994
Anne E. Theis, Mayor
ATTEST:
The motion for the adoption of the foregoing resolution was duly seconded by member
Theis and upon vote being taken thereon, the following voted in favor thereof:
Anne Theis, John Ferris, James Johnson, Ann Thies and Phil Zietlow
and the following voted against same:
None
Whereupon said resolution was declared duly passed and adopted.
RHB80277
ME230-158
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