HomeMy WebLinkAbout88-125 - ADMIN Resolution - City Council - 1988/09/191• ,
RESOLUTION
RESOLUTION 88-125 '®
RESOLUTION ADOPTING ASSESSMENT FOR IMPROVEMENT NO. 87-56
MID -BLOCK STREET LIGHTING
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 September 7, 1988
and published in the official City newspaper, the St Louis Park Sailor, on
September 5,1988 and September 12,1988 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 benefited 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 5 years. The first installment shall be
payable concurrently with general taxes levied in the year 1988, and payable in the
year_ 1989 , and shall bear interest at the rate of 9 percent per annum. To the
first installment shall be added interest on the entire assessment from September 19,
1988 until December 31, 1988, the year in which the assessment will be levied.
For subsequent installments, interest shall be added for one year on the total of all
unpaid installments. No interest will be charged as to any parcel if the entire
assessment 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:
IMPROVEMENT NO. TYPE OF IMPROVEMENT LOCATION
87-56 Mid -Block Street 4500/4600 Block Vallacher
Avenue South.
Lighting
which shall be extended over a period of 5 years.
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 Septe y+er 19, 19 8.
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Attesgii4
City Clerk
Ci wed for A Pnis .tion:
City Manager
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Approved .�o�for an execution:
City Atto