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HomeMy WebLinkAbout5442 - ADMIN Resolution - City Council - 1975/12/22• DECEMBER 22, 1975 6B RESOLUTION NO. R41 2 RESOLUTION ADOPTING ASSESSMENT IMPROVEMENT NO. 73-40 BE IT RESOLVED by the City Council of the City of St. Louis Park as follows: 1. Notice of hearing on this improvement was duly mailed on December 8, 1975, and published in the official city newspaper, the St. Louis Park Sun, on December 3, 1975, as required by Minnesota Statutes, Chapter 429. 2. A public hearing having been held on this date and opportunity having been given at the hearing to all persons to make known their objections to the proposed assessment, and the Council being fully advised of the pertinent facts, the proposed assessment as it deems just is adopted and shall constitute the special assessment levied against the respective lands therein described, and each tract of land is found to be specifically bene- fited by the improvements in the amount of assessment levied against it. 3. The assessment shall be payable, unless prepaid, in equal annual installments extending over the period of years designated in paragraph 4. The first installment shall be payable concurrently with general taxes levied in the year 1976, and payable in the year 1977, and shall bear interest at the rate of seven (7) 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 assessment until December 31st of the year in which the first installment becomes due and payable. To subsequent installments when due shall be added interest for one year on the total of all unpaid installments. No interest will be charged if the entire assessment as to any parcel is paid at the office of the treasurer within 30 days from the date of adoption of the assessment resolution. 4. The number of years over which installments are to be extended is as follows: Imp. No. Type of Improvement Location 73-40 Parking Lot Alabama Avenue and the parcel between Alabama Avenue and Brookside Avenue from Excelsior Boulevard to 300 feet north. which shall be extended over a period of twenty (20) years. I 5. The clerk shall transmit a certified copy of this assessment to the county auditor to be extended on the proper tax lists of the county, and such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the City Council December 22, 1975. Attest: City Clerk nistration: Mayor Approved as to form and legality: City Attorney