07-78CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2007- 78
RESOLUTION ADOPTING ASSESSMENT- OTSEGO WATERFRONT
EAST SECOND ADDITION
WHEREAS, pursuant to agreements entered into between the City and the
Developer and property owners, said Developer and property owners have agreed
to waive all hearings, waive any irregularities in the proceedings, and waive any
and all rights of appeal relative to certain improvements constructed by the City
which benefit the various properties. The project (Otsego City Project No. 05-07)
consisted of City construction of roadways streetscape, storm drainage
improvements, and sanitary sewer and water improvements within the Plat of
Waterfront East. The assessment also includes City Sewer Availability Water
Availability charges. This resolution applies to the portion of said Plat now
replatted as Waterfront East Second Addition. The project is located within the
City of Otsegp, Wright County, Minnesota.
NOW THEREFORE BE IT RESOLVED BY THE OTSEGO CITY
COUNCIL, COUNTY OF WRIGHT, MINNESOTA:
1. Such proposed assessments, a copy of which is attached hereto as Exhibit A 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 14 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 7 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, 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 Treasurer,
except that no interest shall be charged if the entire assessment is paid within 30
days from the adoption of this resolution; and he may, at any time thereafter, pay
to the City T4easurer 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. Partial pre -payment of the assessment
may be made pursuant to City Ordinance.
4. The City 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 paid over in the same manner as other City taxes.
ADOPTED > y the Otsego City Council this 13th day of November, 2007.
IN FAVOR:` Mayor Fournier; Councilmembers: Heidner, Stockamp,
i Darkenwald and Thorsted.
OPPOSED:
None.
ABSTAINING: None.
2
CITY OF OTSEGO
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