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+ I <br /> t l� • <br /> l, ' 1 ° <br /> � O� . . <br /> • O O <br /> '� CITY of ORONO <br /> � <br /> . � � <br /> .. ,. ti <br /> �� G'�' RESOLUTION OF THE CITY COUNCIL <br /> �`�kEsKO4`� No. 5 5 $ 9 . <br /> A RESOLUTION ADOPTING THE <br /> FARVIEW NEIGHBORHOOD SANITARY SEWER IMPROVEMENT PROJECT <br /> ' 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 <br /> improvement of sanitary sewer in the Farview Neighborhood. <br /> NOW,THEREFORE,BE IT RESOLVED, by the City Council of Orono, <br /> 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 <br /> • therein, and each tract of land therein included is hereby found to be benefited by the <br /> proposed 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 <br /> 15 years, the first of the installments to be payable on or before the first Monday in <br /> January 2008 and shall bear interest at the rate of 6.25%per annum from the date of the <br /> adoption of this assessment resolution. To the first installment shall be added interest on <br /> the entire assessment from the date of this resolution until December 31, 2008. To each <br /> subsequent installment when due shall be added interest for one year on all unpaid <br /> 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 <br /> be charged if the entire assessment is paid within thirty(30) days from the adoption of <br /> this resolution; and he may, at anytime thereafter,pay to the City Treasurer the entire <br /> amount of the assessment remaining unpaid,with interest accrued to December 31 of the <br /> year in which such payment is made. Such payment must be made before November 15 <br /> or interest will be charged through December 31 of the next succeeding year. Partial <br /> prepayment may be allowed in accordance with ordinances which are existing or which <br /> the City may choose to adopt in the firture. <br /> . - <br /> Page 1 of 2 <br />