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10-37RESOLUTION NO.: 2010-37 CITY OF OTSEGO COUNTY OF WRIGHT, MINNESOTA A RESOLUTION ADOPTING ASSESSMENTS FOR UNPAID UTILITY BILLING ACCOUNTS AND ESCROW ACCOUNTS RELATED TO DEVELOPMENT. WHEREAS, pursuant to Minnesota Statutes, the Otsego City Council held a public hearing on October 11, 2010 at 7:00 PM to consider proposed assessments for unpaid utility billing accounts and escrow accounts related to development. WHEREAS, upon review of the proposed assessments and other evidence received and public comment, the public hearing was closed and the City Council passed upon all objections to the proposed assessment. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO THAT: The proposed assessment, a copy of which is attached hereto and made a part thereof, is hereby accepted and shall constitute the special assessment against the lands identified therein. 2. The assessment shall be payable in equal installments extending over a period of one (1) year and shall bear interest at the rate of six (6) percent per annum from the date of 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, 2011. 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, except that no interest shall be charged if the entire assessment is paid within thirty (30) days from the date upon which the assessment is adopted by the City Council. The property owner may at any time thereafter; pay to the City Clerk the entire amount of the assessment remaining unpaid minus the administrative fee, with interest accrued to December 31 of the year in which such payment is made, provided that such payment is made before November 15 or interest will be charged through December 31 of the succeeding year. 4. The Otsego City Clerk shall forthwith transmit a certified duplicate of this assessment to the Wright County Auditor to be extended on the property tax lists of the County. Such assessments shall be collected and paid over time the same as other municipal taxes. MOTION BY: DARKENWALD SECOND BY: SCHARBER ALL IN FAVOR: MAYOR STOCKAMP; COUNCILMEMBERS: DARKENWALD, SCHARBER, SCHROEDER AND HEIDNER THOSE OPPOSED: NONE ADOPTED by the City Council of the City of Otsego this 11th day of October 2010. Jav-��� ATTEST: Tami Loff, City Clerk CITY OF OTSEGO I� RX0Wn-'Iub � , - - . "S-tockamp,- Mayor 2