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KmW7 -r ^^■ <br />'ii4t ■’. <br />■?:Sp. « <br />’>y >• <br />tif'K <br />Xvv< * <br />... *.■ >.>:■ ^ <br />-V <br />■rs-"S,u <br />i <br />i: <br />>; i. <br />f-H':-' <br />i}' ' <br />iW' ■“fe <br />A RBSOLOTION ADOPTING STUBBS BAY SANITARY SEWER <br />ASSBSSNBNT ROLL <br />WHBRBASr pursuant to proper notice duly given as <br />required by law, the Council has met and heard and passed upon <br />all objections to the proposed assessment for the improvement of <br />sanitary sewer in the Stubbs Bay Area. <br />HON THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OP <br />ORONO, NINNBSOTA: <br />1.Such proposed assessment, a copy of which is attached <br />hereto and made a part hereof, is lereby accepted and <br />shall constitute the special assessment against the <br />lands named therein, and each tract of land therein <br />included is hereby found to be benefited by the proposed <br />improvement in the amount of the assessment levied <br />against it. <br />2.Such assessment shall be payable in equal annual <br />installments extending over a period of 15 years, the <br />first of the installments to be payable on or before the <br />first Monday in January, 1993 and shall bear interest at <br />the rate of 8 per cent per annum from the date of the <br />adoption of this assessment resolution. To the first <br />installment shall be added interest on the entire <br />assessment from the date of this resolution until <br />December 31, 1992. To each subsequent installment when <br />due shall be added interest for one year on all unpaid <br />installements. <br />3.The owner of any property so assessed may, at any time <br />prior to certification of the assessment to the county <br />auditor, pay the whole of the assessment on such <br />property, with interest accrued to the date of payment, <br />to the city treasurer, except that no interest shall be <br />charged if the entire assessment is paid within 30 days <br />from the adoption of this resolution; and he may, at any <br />time thereafter, pay to the city treasurer the entire <br />amount of the assessment remaining unpaid, with interest <br />accrued to December 31 of the year in which such payment <br />is made. Such payment must be made before November 15 <br />or interest will be charged through December 31 of the <br />next succeeding year. Partial prepayment may be allowed <br />in accordance with ordinances which are existing or <br />which the City may choose to adopt in the future. <br />i <br />i <br />■iV <br />k' <br />.IHiA ■■