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10-10435rRESOLUTION NO. 10435 RESOLUTION ADOPTING ASSESSMENT FOR CONCRETE ALLEY PAVING. WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment for Improvement No. 43200, the improvement of Concrete Alley paving between the east side of Girard Avenue from the north line of 66th Street to the south line of 63rd Street and the west line of Emerson Avenue from 66th Street to the south line of 64th Street. See attached Exhibit A. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota: 1. Such proposed assessment roll (Exhibit B), in the amount of $100,066.67, is hereby accepted and shall constitute the special assessment against the lands named herein, and each tract of land therein included is hereby found to be benefited by the proposed current services in the amount of the assessment levied against it. 2. Such assessment shall be payable in annual installments extending over a period of 20 years, the first of the installments to be payable on or before the first Monday in January 2011, and shall bear interest at the rate of five (5%) percent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2011. To each subsequent installment, when due, shall be added interest for one year on all unpaid installments and shall bear interest at the rate of five (5%) percent from the date of adoption of this assessment resolution. 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 31St of the year in which such payment is made. Such payment must be made before November 15t" or interest will be charged through December 31St of the next 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 property tax lists of the County and such assessments shall be collected and paid over in the same manner as other municipal taxes. Passed by the City Council of the City of Richfield, Minnesota this 26t" day of October, 2010. ~ ~ T~~ P~~ I ~,; f ~ , :f . ,, ~~.~,t~,~v ~ ~~r- t ~G.,,. ebbie Goettel, Mayor ATTEST: i ~ w~~-~ Nancy Gibbs, y Clerk