05-59CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION # 2005-59
RESOLUTION ADOPTING ASSESSMENT FOR
89'' STREET/PARELL AVENUE ROAD IMPROVEMENT PROJECT
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 portions of 89th Street and Parell Avenue in Otsego, Minnesota.
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 is 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 ten (10) years, the first of the installments to be payable on or before the
first Monday in January of 2006, and shall bear interest at the rate of 6 % 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, 2006. 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 Wright County Auditor, pay the whole of the assessment on such
1
property, with interest accrued to the date of payment, to the City of Otsego, except
that no interest shall be charged if the entire assessment is paid within 30 days from
the adoption of this resolution; and he or she may, at any time thereafter, pay to the
City of Otsego 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 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 in the same manner as other municipal
taxes.
Motion for adoption of resolution by CM %m sted 'seconded byCM Stoop, at the meeting of
the Otsego City Council on the 24th day of October, 2005.
INFAVOR: Mayo -r --Fournier, Councilmembers: Thorsted, Stockamp
and Heidner. (Councilmember Scharber was absent)
OPPOSED: None
CITY OF OTSEGO
Lary Fo*Wer, Mayor
&ALN\
J d Hu �d, City Clerk
2