Loading...
07-17CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2007- 17 RESOLUTION ADOPTING ADDITIONAL ASSESSMENT OF $44,569.16 FOR FRONTAGE ROAD IMPROVEMENTS PREVIOUSLY NOT ASSESSED, MISSISSIPPI SHORES 6tn, 7 t and 8t" ADDITIONS IN THE CITY OF OTSEGO WHEREAS, pursuant to proper notice duly given as required by law, the Otsego City Council has met and heard and passed upon all objections to the proposed additional assessment for the improvements on the property known as Mississippi Shores Frontage Road Improvement located in the City of Otsego. NOW THEREFORE, the City Council of the City of Otsego, Wright County, Minnesota, hereby resolves: 1. Such proposed additional assessment amount of $44,569.16 is broken down by property owner on the attached assessment table, 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 improvement in an amount greater than the assessment levied against it. 2. Such additional assessment shall be payable in equal installments extending over a period of 20 years, the first of the installments to be payable on or before the first Monday in January 2008, and shall bear interest at the rate of 6 percent (%) 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, 2007. 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 of Otsego, except that no interest shall be charged if the entire assessment is paid within 30 CADocuments and Settings\Judylocal Settings\Temporary Internet Files\Content.IE5\HIGBX1 KI\ot360resadoptassessmentPart2.doc days from the adoption of this resolution. The property owner 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 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 in the same manner as other municipal taxes. Motion for adoption of the resolution by CM Tom Darkenwald , Seconded by CM Jessica S tockamp at the meeting of the Otsego City Council on the 26 day of March 2007. IN FAVOR: Mayor Fournier; Councilmembers: Heidner, Stockamp, OPPOSED: Thorsted and Darkenwald NONE CITY OF OSTEGO LjW F umier, Mayor Ju t udson, Clerk CADocuments and SettingsWudy\Local Settings\Temporary Internet Files\Content.IE5\HIGBX1 KI\ot360resadoptassessmentPart2.doc