10-27-1997 Council Packet - Laserfiche WebLink

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r ri * V I A RESOLUTION ADOPTING THE BAY RIDGE SANITARY SEWER ASSESSMENT ROLL WHEREAS, on February 10, 1997, the City Council adopted Resolution No. 3843 accepting the Bay Ridge sanitary sewer improvement feasibility report from the City Engineer and establishing 8:00 p.m. on March 10, 1997, as the date and time for the public hearing on such proposed improvement; and WHEREAS, on March 10, 1997, the City Council adopted Resolution No. 3849 ordering preparation of plans and specifications for the Bay Ridge sanitary sewer project; and WHEREAS, 100 % of the Bay Ridge benefited property ovmers have petitioned for the sanitary sewer project and executed written waivers, waiving any rights to object to, or appe;j? fcom, this project or the assessment of the project costs, and have waived any rights to a public hearing on the feasibility of this project or the assessment of the project costs. NOW, THEREFORE BE IT RESOLVED, by the City Council of Orono, Minnesota: 1. Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal aimual installments extending over a period of 15 years, the first of the installments to be payable on or before the first Monday in January 1998, and shall bear interest at the rate of 6.25% per armum from November 1, 1997. To the first installment shall be added interest on the entire assessment from November 1, 1997, until December 31, 1998. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor, pay the whole assessment on such property, with interest charged to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire assessment is paid within thirty (30) days of October 29, 1997; and he may, at any time thereafter, pay to the City Treasurer the entire amount of the