Agenda Packet Cc - regular meeting 8/28/1989

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81689 Clay of ORON/ -r-�-ac c 7- RESOLUTION OF THE CITY COUNCIL NO. A P1?SOLUTION ADOPTIFG STREET LIGHTING IMPROVEMENT ON COUNTY ROAD 15 WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment for the street lighting improvement on Fennepin County Road 15. The following area is proposed to be assessed: The South 1/2 Section 17, Township 117, Range 23 and the North 1/2 Section 20, Township 117, Range 23 and in particular all property abutting County Road 15 (Shoreline Drive) beginning at the western border of Orono then easterly to a distance 320 feet east of County Road 19 (Shadywood Road) 563 feet north of County Road 15 (Shoreline Drive) and 672 feet south of County Road 1-5 Shoreline Drive). NOW JEREYORE, BE IT RESOLVED BY THE CITY COUNCIL OF ORONO , MI NNESI )TA : 1. Such proposed assessment, a copy of which is attached hereto and made a part thereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each trict of land therein included is 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 ea,-, ' annual installments extending over a period of 10 years, t .rst of the installments to be payable on or before the first day in January, 1990 and shall bear interest at the rate of 8 i._r cent per annum from the date of the adoption of this assessment resolution until Dec_mber 31, 1990. To each subsequent installment when Sue shall be added interest for one year on all unpaid installments. 3. The owner, of any iperty so assessed may, at any time prior to certification of , assessment to the county auditoC,•- <• ••r. Fay the whole of the asses:.,nient on such property, with interest accrued to the date of payment, to the city treasurer, except