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Home My WebLink About87-129 - ADMIN Resolution - City Council - 1987/09/21RESOLU I' 1 ON NO. 87-729 RESOLUTION ADOPTING ASSESSMENT - IMPROVEMENT N0. 86-08: WATERMAIN LOOPING BE IT RESOLVED by the City Council of the City of St. Louts Park as follows: 1. Notice of hearing on this improvement was duly mailed on September 11, 1987 and published in the official city newspaper, the St. Louis Park Sailor, on Septem— ber 7, 1987, as required by Minnesota Statutes, Chapter 429. 2. A public hearing having been held on this date and opportunity having been given al 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 benefited by the improvements Ln the amount of assessment levied against it. 3. The assessment shall be payable, unless prepaid, in equal annual installments extending over the period of 20 years. The first installment shall be payable con— currently with general taxes levied in the year 1987, and payable in the year 1988, and shall bear interest at the rate of nine percent per annum. To the first install— ment shall be added interest on the entire assessment from October 1, 1987 until December 31 of the year in which the first installment becomes due and payable. To subsequent installments, when due, interest shall be added 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 withing 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: Improvement No. Type of Improvement Location 86-08 Watermain Looping West side of Louisiana Avenue south of West Lake Street, south 560 'which shall be extended over a period of 20 years. feet S. The clerk shall transmit a certified copy of this assessment to the county auditor to be extended on the pioper 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 September 21, 1987 Reviewed for Administration: 8.Uk y Manager City A,Q.aey i or Approved as to form and execution: