97-8524r
99
RESOLUTION NO. 8524
RESOLUTION ADOPTING ASSESSMENT ON
CITY PROJECTS 401-30-554, 452-30-563, 455-30-542
WHEREAS, pursuant to proper notice duly given as required by law, the Council
has met and passed upon all objections to the proposed assessment for improvements
completed in conjunction with the TOLD/Meridian redevelopment project at the
following property identification number: 33-02824-43-0050.
NOW, THEREFORE, BE IT RESOLVED, by the City of Richfield, Minnesota as
follows:
1. Such proposed assessment roll, in the total amount of $750,000 is hereby
accepted and shall constitute the special assessment against the lands
named herein, and each tract of land therein is hereby found to be benefited
by the proposed current services in the amount of assessment levied against
it.
2. Such assessment shall be payable over a fifteen year period beginning in
1998 and shall bear interest at the rate of 7.5284%.
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 to the city's Assessing Division and he may, at any time
thereafter, pay to the city's Assessing Division the entire amount of the
assessment remaining unpaid, with interest accrued to December 31 of the
year in which payment is made. Such payment must be made before
November 15 or interest will be charged through December 31 of the
succeeding year.
4. The city clerk shall forthwith transmit a certified duplicate of this assessment
roll to the county auditor to be extended on the proper tax lists paid over in
the same manner as other municipal taxes.
Passed by the City Council of the City of Richfield, Minnesota this 8th day of
December, 1997. I
ATTEST:
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Thomas P. Ferber, City Clerk