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` '„M+�. r: �� • � � � � � �b - CITY of ORONO � � �� G'ti� AESOLUTION OF THE CITY COUNCIL � ��9.kESKp4�' �NO. � s �.� � NOW, THEREFORE, BE IT RESOLVED, by the City Council of Orono, Minnesota: • . 1. Such assessment shall be payable in equal annual installments extending over a period of 15 years,the first of the installment to be payable on or before the first Monday in January 2001,and shall bear interest at the rate of 6.25%per annum from October 9,2000. To the first installment shall be added interest on the entire assessment from October 9,2000 until December 3 l,2001. To each subsequent installment when due shall be added interest for one year on all unpaid installments. � 2. The owner of any property so assessed may pay the whole assessment on such properry,with interest charged to the date of payment,to the City Treasurer, except that no interest shall be charged if the entire assessment is paid within thiriy (30) days of April 10, 2001, and he may, at any time thereafter,pay to the City Treasurer the entire amount of 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 November 15, or interest will . be charged through December 31 of the next succeeding yeax. � 3. Partial prepayment is allowed in accordance with Ordinance No. 160,Second Series, adopted May 12, 1997. 4. The Clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held April 9, 2001. � Barbara A. Peterson, Mayor ATTEST: � t_. ,�C�� �Lin�-S:�ee;E�3�Elerk � �C�f�/ L�-°�� l.��/� G�te/�!L � Page 2 of 2