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CITYofORONO <br />RESOLUTION OF THE CITY COUNCIL <br />NO. ______ <br />A RESOLUTION ADOPTING THE <br />NORTH LONG LAKE/LONG LAKE COUNTRY CLUB <br />SANITARY SEWER ASSESSMENT ROLL <br />WHEREAS, pursuant to proper notice duly given as required by law, the Council has met <br />and heard and passed upon all objections to the proposed assessment for the improvement of sanitary <br />sewer in the North Long Lake/Long Lake Couittry Club area. <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of Orono, Minnesota: <br />1.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 benefitted by the proposed <br />improvement in the amount of the assessment levied against it. <br />2.Such assessment shall be payable in equal annual installments extending over a period of 15 <br />years, the first of the installments to be payable on or before the first Monday in January <br />1998 and shall bear interest at the rate of 8% per annum from the date of the adoption of this <br />assessment resolution. To the first installment shall be added interest on the entire <br />assessment from the date of this resolution until December 31, 1997. To each subsequent <br />installment when due shall be added interest for one year on all unpaid installments. <br />3.The 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 the adoption of this <br />resolution; and he may, at anytime thereafter, pay to the City Treasurer the entire amount of <br />the assessment remaining unpaid, with interest accrued to December 31 of the year in which <br />such payment is made. Such payment must be made before November 15 or interest will be <br />charged through December 31 of the next succeeding year. Partial prepayment may be <br />allowed in accordance with ordinances which are existing or which the City may choose to <br />adopt in the future. <br />Page 1 of 2 <br />_____________