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1976-5572r14 n ~. RESOLUTION iVO, 5572 RESOLUTION ADOPTING ASSESSMENT OiV CITY PROJECT 1V O. 667 , AREA N O. 8 , WEST OF LYiVDALE AVElV UE BE TT RESOLVED by the City Council of the City of Richfield, Hennepin County, Minnesota as follows: 1. That the city clerk has, with the assistance of the city engineer, calculated the proper amounts to be assessed for the 1975 Permanent Street Program, pity Project No. 667, Area No. 8 west of Lyndale Avenue, against every assessable lot, piece, or parcel of land specially benefited thereby in accordance with the provisions of the law, and the proposed assessment so made up was filed with the city clerk for more than 15 days prior to the assess- ment 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 3~as 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. 667, Area No. 8, west of Lyndale Avenue, and after carefully considering all the facts, t'~e 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 lot, piece or parcel of land incl~:{ded in said proposed assessment roll was improved by reason of the construction of said City Project No. 667, irl Area No. 8, west of Lyndale Avenue, 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 $681 , 436.74 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. 6. 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. 667, in Area No. 8, west of Lyndale Avenue, Permanent Street Program. 15 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 Ja,~uary of 1977. 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, 1977, 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 over in the same manner as other municipal taxes. Passed by the City Council of tiie City of Rich 1d this 23rd day of August, 1976. ~ ~ Loren L. Law `y MAYOR ATTEST: Thomas J. an City Clerk f' _~