HomeMy WebLinkAboutResolution No. 136-06 2`4' Form 12 � `I
RESOLUTION
WHEREAS,pursuant to proper notice duly given as required by law,the Common Council met on the 6th day
• of March, 2006, for the purpose of considering the proposed assessment of the following improvement(s): Project
No. 6207-4-05 (J-7743) "Reconstruction of 7th Street N.W.from 13th Avenue N.W.to Cascade Creek Bridge
#55529"and hearing and passing upon all objection thereto; and,
WHEREAS, the Common Council considered all testimony provided at the hearing,
NOW THEREFORE,BE IT RESOLVED by the Common Council of the City of Rochester,Minnesota:
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 described therein, and each tract of land therein included is
hereby found to be benefited by the proposed improvement(s)in the amount of the assessment levied against it.
Such assessment shall be payable in equal annual installments extending over a period of ten(10)years,the
first of the installments to be payable on the first Monday in January, (to be determined) and shall bear interest at the
rate of 5.75 percent per annum from the date of this resolution until December 31, (to be determined). To each
subsequent installment when due shall be added interest for one year on all unpaid installments.
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
Treasurer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of
this resolution. He may thereafter pay to the County Treasurer the installment and interest in process of collection on
the current tax list, and he may pay the remaining principal balance of the assessment to the City Treasurer.
The City Clerk shall file the assessment rolls pertaining to this assessment in her office and shall certify
• annually to the County Auditor on or before October loth of each year the total amount of installments and interest
which are to become due in the following year on the assessment on each parcel of land included in the assessment
roll.
The City Clerk shall file for recording with the Olmsted County Recorder a certified statement containing the
legal description of the affected properties and the amount of the assessment deferred on it.
PASSED AND ADOPTED BY THE COMMON C',O_VNCIL OF THE CITY OF ROCHESTER,
MINNESOTA,AT A MEETING THEREOF HELD THI 6t DAY OF MAR H, 2006
41-1
PRESIDENT OF SAID COMMON COUNCIL
ATTEST:
CIT CLERK
APPROVED THIS 7th DAY OF MARCH ,2006
MAYOR OF SAID CITY
(Seal of the City of
Rochester,Minnesota)