Request for council action/sewer extension

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4 A RESOL�liTION ADOPTING THE VVEBBER HILLS SANITARY SEWER EYTENSIO�i ASSESSMENT ROLL WHEREAS, the property owners have petitioned for an assessment sanitaiy sewer project and have signed assessment waivers, waiving all applicable assessment procedural requirements, and requesting to be assessed for project costs for the Webber Sanitaiy Sewer Extension improvements. NOW, T'HEI�EFOIZE, �E I�i' RESOI�VED, by the City Council of Orono, Minnesota: l. 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 installinents to be payable on or before the first iVlonday in January 2006 �nci shail bear iiiterest at the rate cf 6.2�°'o per anntu.7 f:em the date of the adeption ef this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2006. 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 �ssessment to the County Auditor, pay the whole of the assessment on such property, ��ith interest accrued to the date of payment, to the City Treasurer, except that no interest shall be char�ed if the entire assessment is paid withiil thirty (30) days from the adoption of this resolution: and he may. at anvtime thereafter,pay to the C'ity Treasurer the entire amount of the assessment remainina unpaid,with interest accrued to December 31 of the year in��hich such payrnent is made. Such payment must be made before�io�-ember 1� or interest��ill be char�ed through December �1 of the nert s�,icceedin� year. Partial prepayment may be allowed in accordance with ordinane�es which �re e�istin� or��hich the C.ity mav choose to actopt in tile i'�lture. Paae 1 of?