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1975-5393r11.21 RESOLUTION N0. 5393 RESOLUTION ADOPTING-ASSESSMENT ON CITY PROJECT N0. b57 EE TN RESOLVED by the City Council of the City of Richfield, Hennepin CounCy, Minnesota as follows: 1. 't'hat the city clerk has, with the assistance of the city engineer, calcu- lated the proper amounts to be assessed for the 1974 Permanent Street Program, City - Project No. 657, against every assessable lot, pie ce,.or parcel of land specially benefited thereby in accordance with. the provisions of law, and the proposed assess- ment 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 period. 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 the proposed assessment. - 3. 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 No. 657 and after carefully considering all the facts, the benefits to each lot, piece or parcel of land and fully advising itself in the premises, has found and determined and hereby declares that each and every lat, piece, or parcel of land included in said proposed assessment roll was improved by reason of the construction of said City Project No. b57~ 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, 5. The proposed total assessment in the amount of ,$2,,,046;47°5r,7~5 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 levied against each of the respective lots, pieces, or parcels of land therein described. ' b. Said assessment is hereby 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 City Project~No. b57, Permanent Street Program. 7. The assessment with accruing interest, shall be a lien upon the property included therein, concurrent with general taxes, and shall be payable in equal annual installments extending over a period of 20 years. The first installment shall be payable on the first Monday in January of 197b. A11 assessments shall bear interest at the-rate of 8% per annum. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 197 b, to each subsequent installment shall be added interest for one year on all unpaid installments. All assessments and interest thereon shall be collected and paid-aver in the same manner as other municipal taxes.. - Passed by the council of the City of Richfield this 11 ay of August, 1975. - ~ ~/ ATTEST: ;!/- Loden L. Law U ,~ ,.~~ .~ Thomas J. M~ n City Clerk -