Agenda Packet Cc - regular meeting 8/28/1989

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31689.2 City of ORONC- a RESOLUTION OF THE CITY COUNCIL NO. A RESOLUTION ADOPTING WOODHILL AVENUE ASSESSMENT ROLL WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all otjections to the proposed assessment for the improvement of Woodhill Avenue, legally described as follows: property abutting Woodhill Avenue and Lots 1 through 5 Woodhill Ridge in the north 1/2 of Section 2, Township 117, Range 23 West, Hennepin County, Minnesota, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF ORONO, MINNESOTA: _. Such proposed assessment, a copy of which is attached hereto and made a part hereto, is hereby accepted and shall constitute the special assessment again-,t- the lands named therein, and each tract of land therein included hereby found to be benefitted by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of 5 years, the first of the installments to be payable on or before the first Monday in January, 1990 and shall bear ; nterest at the rate of 8 per cent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 1990. 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 ass^ssment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the city treasurer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and he may, at any time thereafter, pay to the city treasurer the entire amount o: the assessment remaining unpaid, with interest accrued to December 31, of the year in which such payment is made. Such payment must be made before 'ovember 15 or interest will be charged through December 31 of the next succeeding year.