Agenda Packet Cc - regular meeting 10/23/1989

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1018t 9-r,,�aNr A A RESOLUTION ADOPTING SUPPLEMENTAL. 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 supplemental assessment for the street lighting improvement on Hennepin County Road 15. The following properties are proposed to he assessed: Property Identification Numbers: 17-117-23 43 0142 17-117-23 44 0006 17-117-23 44 0007 RON THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF ORONO, MINNESOTA: 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 tract 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 equal annual installments extending over a period of 10 years, the first of the installments to be payable on or before the first Monday in January, 1991 and shall bear interest at the rate of 8 per cent per annum from the date of the adoption of this assessment resolution until December 31, 1991. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3a. The owner, of any property so assessed may, at any time prior to certification of the assessment 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 (through November 22, 1989);