Laserfiche WebLink
� �� <br /> ,� O O � <br /> �b� - CITY of ORONO <br /> � � � <br /> ti <br /> ��L �G'�' RESOLUTION OF THE CITY COUNCIL <br /> � �kESH�g' . NO. � � �_ <br /> A RESOLUTION AMENDING THE ASSESSMENT ROLL FOR THE <br /> IlVIPROVEMENT OF THE INTERSECTION OF TRUNK HIGHWAY 12 AND <br /> 650 FEET NORTH ON WILLOW DRIVE <br /> WHEREAS, Resolution No. 3642, adopted November 27, 1995, established the <br /> assessments to be levied on the above referenced project for the Otten property, identified as <br /> PID 34-118-23-22-0014, in the amount of $19,348.30, and <br /> WHEREAS, the Ottens subsequently commenced an action against the City contesting <br /> the amount of the assessment, and � <br /> � WHEREAS, the City and Ottens have agreed to settle the action by reducing the <br /> assessment from $19,348.30 to $12,500.00, <br /> NOW, THEREFORE BE IT RESOLVED, that the original assessment, identified on <br /> Hennepin County records as levy number 13628, on the Otten parcel be reduced from <br /> $19,348:30 to $12,500.00, and that a reduction of $833.33 be credited for the principal <br /> installment paid in 1996 on the amended assessment, and that a further reduction of$938.79 be <br /> credited for the portion of the installment paid in 1996 by the Ottens which exceeds the amount <br /> that would have been due and payable under the reduced assessment, and that the assessment <br /> remaining after said reductions shall be respread over the remaining 14 year commencing with <br /> the installment due in 1997, at the original interest rate of 6.50%. <br /> Adopted by the Council this 25th day of November, 1996. <br /> � <br /> ATTEST: Edward J. Cal an, Jr., Mayor <br /> • or y M. � , City Clerk <br />