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r.i': <br />’ i V <br />A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR <br />THE HERITAGE DRIVE SANITARY SEWER EXTENSION PROJECT <br />Whereas, the property owners on Heritage Drive have requested that the City of Orono construct <br />a sanitary sewer extension project to serve their properties. This project has been completed, and the <br />project connection fee, which is based on the project costs, has been established at $14,400 per sewer <br />unit. The property owner at 1955 Heritage Drive have requested that the City of Orono assess the project <br />connection fee over a fiOeen>year time period; and <br />Whereas, the property owner has signed an assessment waiver agreeing to waive any and all <br />rights to appeal the special assessment, with regard to any procedural or substantive rights, rights to a <br />public hearing, rights to any notices under Minnesota Chapter 429 or any ordinances of the city, and the <br />constitutions or laws of the State of Minnesota or the United States; and <br />Whereas, the City hereby authorizes and directs the Hennepin County Auditor to levy the <br />assessment over a fifteen-year time period at a 6.25% interest rate. Such assessment shall be payable in <br />equal annual installments e.xtending over a period of fifteen years, the first of the installments to be <br />payable on or before the first Monday in January 2004 and shall bear interest at the rate of 6.25% per <br />annum from the date of the adoption of this assessment resolution. To the first installment shall be added <br />interest on the entire assessment from the date of this resolution until December 31, 2003. To each <br />subsequent installment when due shall be added interest for one year on all unpaid installments. <br />Therefore, Be It Resolved, that the City Council of the City of Orono. Minnesota hereby <br />authorizes and directs the County Auditor of Hennepin County to assess the property identified in the <br />attached assessment roll, made a part hereof, for the amount appearing along with such property, plus <br />6.25% interest added as directed. Said amounts to be collected along with property taxes beginning in <br />2004. <br />Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held <br />on September 8, 2003 <br />ATTEST: <br />Linda S. Vee, City Clerk Barbara A. Peterson, Mayor <br />\