87-7362R~l
RESOLUTION N0. 7362
RESOLUTION CONFIRMING SPECIAL
ASSESSMENT AGAINST PROPERTY OF
INDEPENDENT SCHOOL DISTRICT N0. 280
BE IT RESOLVED By the City Council of the City of Richfield, Hennepin
County, Minnesota, as follows:
1. The City has duly instituted and conducted Improvement Project
No. 825 (Project) pursuant to the provisions of Minnesota Statutes, Chapter
429, consisting of the installation of fire suppression equipment in
buildings owned by Independent School District No. 280 (District).
2. The Director of Community Development has prepared an assessment
(Assessment) of the costs of the Project to be assessed against the land
owned by the District which has been benefitted by the Project.
3. It is found and determined that the Assessment is proper. The
Assessment as proposed is accepted and each tract of land included therein
is found and .determined to be benefitted by the proposed Assessment in an
amount at least equal to the amount of the Assessment. A copy of the
Assessment is attached and made a part of this resolution.
4. The Assessment is payable in equal annual installments extending
over a period of 10 years. The first installment of the Assessment is
payable on or before the first. Monday in January, 1988, with interest at
the rate of 8.582 per annum from the date of this resolution until December
31, 1987.. To each subsequent installment when due be added interest for
one year on all unpaid installments.
5. The Districts may, at any time prior to the certification of the
Assessment to the County Director of Property Taxation, pay_the entire
Assessment with accrued interest to date of payment to the City Treasurer,
or make partial payments thereof as outlined by City ordinance, but no
interest will be charged if the Assessment is paid in full within 30 days
of the adoption of this resolution {i.e. October 29, 1987). The District
may also, at any time thereafter pay to the Treasurer the entire amount of
the Assessmen*_ unpaid with accred interest to December 31 of the year in
which the payment is made. The payment must be made prior to November 15
or interest will be charged through December 31 of the next succeeding
year.
b. The City Clerk is authorized and directed to transmit a certified
copy of this resolution to the Clerk of the District and to further provide
for notice of the Assessment to the District in th annex provided by law.
Passed by the City Council of the City i hfie ,Min sota this 28th day of
September, 1987.
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ATTEST:
Thomas P. Ferber City Clerk
mi i 7~~sn ~ mayor