01-31RESOLUTION NO. 2001-31
RESOLUTION ADOPTING ASSESSMENT - SLABTOWN
WHEREAS, pursuant to proper notice duly given as required by law, the council has met
and heard and passed upon all objections to the proposed assessment for the improvement
of 62d Lane and Richardson Avenue by grading, street reconstruction, construction of
storm sewer improvements, curb and gutter, sanitary sewer, watermain, and attendant
improvements.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF OTSEGO,
MINNESOTA:
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 in hereby found to be benefited by
the proposed improvement in the amount of the assessment levied against it.
2. Such assessment shall be payable in equal annual installments extending
over a period of 20 years, the first of the installments to be payable on or before the first
Monday in January, 2002 shall bear interest at the rate of 6 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, 2001.
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
certifications 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, except that
no interest shall be charged if the entire assessment is paid within 30 days from the
adoption of this resolution; and the owner may, at any time thereafter, pay to the city clerk
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. The clerk shall forthwith transmit a certified duplicate of this assessment to
the county auditor to be extended on the property tax lists of the county. Such
assessments shall be collected and paid over the same manner as other municipal taxes.
Adopted by the City Council this 22°d day of October 2001.
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