Request for council action/sewer assessment resol.

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. a. A RESOLUTION ADOPTING THE 25 BROWN ROAD SOUTH SEWER CONNECTION ASSESSMENT ROLL WHEREAS, the property owner has signed an assessment waiver, waiving all applicable assessment procedural requirements, and requesting to be assessed for the connection cost for the 2000 Fox Ridge Sanitary Sewer Project. NOW, THEREFORE, BE IZ' 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 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 15 years, the first of the installments to be payable on or before the first Monday in January 2006 and shall bear interest at the rate of 6.25%per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December .il, 2006. To each subscquent 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 a5se5sment to tl�e Count-y Auditor, puy t�� v✓hole ef t?:e assessmen± o:� 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 thirty (30) days from the adoption of this resolution; and he may, at anytime 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 1� or interest will be charged through December 31 of the next succeeding year. Partial prepayment may be allowed in accordance with ordinances which are existing or which the City may choose to adopt in the future. 4. The Clerl< shall forthwith transmit a certified duplicate of this assessment to the County Page 1 of 2