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A RESOLUTION ADOPTING THE <br />2090 SHORELINE DRIVE <br />SANITARY SEWER IMPROVEMENTS ASSESSMENT ROLL <br />WHEREAS, pursuant to proper notice duly given as required by law, the Council <br />has met and heard and passed upon all objections to the proposed assessment for the improvement <br />of sanitary sewer for 2090 Shoreline Drive (Head Property). <br />Minnesota: <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of Orono, <br />1. <br />2. <br />3. <br />4. <br />Such proposed assessment, a copy of which is attached hereto and made a part hereof, is <br />hereby accepted and shall constitute the special assessment against the lands named therein, <br />and each tract of land therein included is hereby found to be benefltted by the proposed <br />improvement in the amount of the assessment levied against it. <br />Such assessment shall be payable in equal annual installments extending over a period of 15 <br />yeais, the first of the installments to be payable on or before the first Monday in January <br />2001 and shall bear interest at the rate of 6.25% per annum from the date of the adoption of <br />this assessment resolution. To the first installment shall be added interest on the entire <br />assessment from the date of this resolution until December 31,2001. l o each subsequent <br />installment vrhen due shall be added interest for one year on all unpaid installments. <br />Tlic owner of any property so assessed may, at any time prior to certification of the <br />assessment to the County Auditor, pay the whole of the assessment on such property, with <br />interest accrued to the date of payment, to the City Treasurer, except that no interest shall be <br />charged if the entire assessment is paid within thirty (30) days from October 9,2000; and he <br />may, at anytime thereafter, pay to the City Treasurei the entire amount of the assessment <br />remaining unpaid, with interest accrued to December 31 of the year in which such payment <br />is made. Such payment must be made before November 30 in 2000 or before November 15 <br />in a subsequent year c’ interest will be charged through December 31 of the next succeeding <br />year. <br />Partial prepayment may be allowed in accordance with Ordinances No. 160 Second Series, <br />adopted May 12, 1997. <br />Page 1 of 2