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IP"ORDINANCE NO. <br />ftpI#-' <br />If ;:: ^ <br />■V <br />AM ORDINANCE PERMITTING PARTIAL PRE-PAVMENT OF <br />SPECIAL ASSESSMENT FOR STUBBS BAY SEWER PROJECT <br />NO. 13937 <br />HHBRSASf the Orono City Council adoptod an Assossment <br />Roll foe the Stubbs Bay Sanitary Sewer Project No. 13937 by <br />Resolution No* 3121, dated May 18, 1992; and <br />NHBRBAS, Minnesota Statutes, Section 429.061, subdivision <br />3, allows partial pre-payment of special assessments prior to <br />certifleation of the assessments with the County Auditor; and <br />NHBRSA8, the Orono City Council desires to provide the <br />V' owners of the properties assessed for the Stubbs Bay Sewer <br />Project with the opportunity to partially pre-pay the <br />assesaaents as approved by the City Council. <br />worn, THEREFORE THE ORONO CITY COUNCIL DOES ORDAIN: <br />Property owners listed on the Assessment Roll for Stubbs <br />Bay Sanitary Sewer Project No. 13937 may partially pre-pay their <br />assesament, prior to October 1, 1992, in the following manner: <br />** <br />1) Mo interest shall be charged for partial pre-payments <br />made within thirty <30) days from the date of adoption of <br />the aeaeaament. <br />[fV <br />2) Partial pre-payments made after thirty (30) daya from <br />the edoption date of the assessment and before October i, <br />1992, shall incur interest based upon the entire <br />aaoesament through December 31, 1992. <br />ADOPTED BY THE ORONO CITY COUNCIL THIS <br />1992. <br />DAY OF ^9 <br />■ A.m::..Barbara A. Peterson, Mayor <br />ATTEST: <br />'i. <br />M. Hallin, City Clerk <br />f- <br />t <br />mi <br />li <br />* <br />'^1 <br />\