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1973-5105rRES®LUTI®N No, 5105 RBSOLUTI®N ~iDOPTINC ASSESSMENT ON CITI' PROJECT Noo 639 BE YT RESOLVED by the City Council of the City of Richfield, 'Hennepin County, Minnesota, as followso 1, That the city clerk has, with the assistance of the city engineer, calculated the proper amounts to be assessed for the construction of storm sewers, City Project Noa 639, against every assessable lot, piece, or parcel of land specially benefited thereby in accordance with the provisions of law, and the proposed assessment so made up was filed with the city clerk for more than 15 days prior to the assessment hearing and was open to public inspection during said periods 2, That notice has been duly published and a public hearing heretofore duly held as required by law so that this council could meet and pass upon tree proposed assess went, 3a That an opportunity has been given to all interested persons to present their objections, if any, to such proposed assessment or to any item thereof at said public hearing, 4, That the city council has heretofore duly established City Project Noe 639 and after carefully considering all the facts, the benefits to each lot, piece or parcel of land and fully advis~.ng itself in the premises, has found and determined and hereby declares that each and every lot, piece, or parcel of land included in said proposed assessment roll was improved by reason of the construction of said City Project Noe 639 and has been and is specially benefited in the amount set out in said proposed assessment roll opposite each such lot, piece or parcel of land, 5o The proposed total assessment in the amount of X69,871,13 is hereby affirmed, adopted and confirmed and the sums fixed and named in said proposed assessment are affirmed, adopted and confirmed as the proper special assessment for each of said lots, pieces, or parcels of land respectively, and said amount so set out is hereby le~ried against each of the respective lots, pieces, or parcels of land therein described, 6, Said assessment is ~r~ereby affirmed, adopted, confirmed and shall be certified by the city clerk and filed in his office, and shall thereupon be and constitute the special assessment for said storm sewer construction, City Project Noo 639, 7o The assessment with accruing interest, shall be a lien upon the property in= eluded therein, concurrent with general taxes, and shall be payable in equal annual installments extending over a period. of 20 yearsm T'he first installment shall be payable on the first Monday in January of 19740 All assessments sh..all bear interest at the rate of 8% per annumo To the first installment shall be added interest on the entire assess ment from the date of this resolution until December 31, 1974, to each subsequent install= ment shall be added interest for one year on all unpaid installmentso A11 Assessments and interest thereon shall be collected and paid over in the same manner as other municipal taxese Passed by the council of the City of Richfield this ~~h day of September, 1973, ~, ,, ~ ~,. ~_ _~ ~~ d ,~ ~ ~ ~ ., Loren La Law `~ ~ Mayor _ A .!~ ~~ '( ~ i _r (.. Thomas J, Mor~:n City Clerk