HomeMy WebLinkAbout94-161 - ADMIN Resolution - City Council - 1994/11/07Y.
RESOLUTION ADOPTING ASSESSMENT IMPROVEMENT NO. 93-03 STREET
RECONSTRUCTION OF FOREST LANE NORTH OF FOREST ROAD.
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 October 24, 1994 and
published in the official city newspaper, the St Louis Park Sailor, on October 19,
1994 and October 26,1994 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 20 years. The first installment shall be payable
concurrently with general taxes levied in the year 1994, and payable in the year 1995
, and shall bear interest at the rate of 8 1/2 percent per annum. To the first
installment shall be added interest on the entire assessment from December 7,1994
until December 31, 1994, 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
93-03 STREET RECONSTRUCTION FOREST LANE NORTH OF
FOREST ROAD
which shall be extended over a period of 20 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 November 7, 1994.
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