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�e� -„ vN � .a 7 O� • O O �b. - CITY of ORONO � � � ti �� G'�' RESOLUTION OF THE CITY COUNCiL � ��kESHOg'� NO. � � � 5 A RESOLUTION ADOPTING THE ORONO ICE ARENA SANITARY SEWER AND WATER ASSESSMENT ROLL VVHEREAS, on February 24, 1997, the City Council adopted Resolution No. 3848 accepting the Orono Ice Arena sanitary sewer and water improvements feasibility report from the City Engineer and ordering the preparation of plans and specificaitons for the Orono Ice Arena sanitary sewer and water project; and WHEREAS, 100 % of the benefited property owners have petitioned for the sanitary sewer and water project and executed written waivers, waiving any rights to object to, or appeal from, this project or the assessment of the project costs, and have waived any rights to a public hearing on the feasibility of this project or the assessment of the project costs. • NOW, 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 hereof, 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 benefited 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 15 years, the first of the installments to be payable on or before the first Monday in January 1998, and shall bear interest at the rate of 6.25% per annum from November 1, 1997. To the first installment shall be added interest on the entire assessment from November 1, 1997, until December 31, 1998. 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 assessment to the County Auditor, pay the whole assessment on such property, 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 thirty (30) days of October 29, 1997; • � 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 30 in 1997, or • before November 15 in a subsequent year or interest will be charged through December 31 of the next succeeding year. �