Request for council action/sewer assessment and assessment waivers

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A RESOLUTION ADOPTING THE WEBBER HILLS SANITARY SEWER�YT�NSIOi� ASSESSMENT ROLL WHERIEAS, the property owners have petitioned for an assessment sanitaiy sewer project and have signed assessment waivers, waivin� all applicable assessment procedural requirements, and requesting to be assessed for project costs for the V��ebber Sanitary Sewer Extension improvements. �pW� TI�ERE�'pgZE, �E I�f' R�SOLVED, by the Cit}' COL111C11 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 e�:tending over a period of 15 years, the first of the installments to be payable on or before the tirst Nlonday in January 200o anci stiali �ea� iizteres� at the ra�e of 525�o per a��n��,n fror:� the�ate ef the ado�tion of 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 Treastu�er,except that no interest shall be chargecl if the entire assessment i5 paid witllin thirty (3�) days f'rom the adoption of tllis resolution: and he may, at anytime thereafter, pay to the City Trelsurer the entire amount of the assessment remainina unpaid,with interest accrued to December 31 of the year in��hich stich payment is made. Such payment must be made before November 1� or interest�i-ill be charged through December �1 of the next succeedin� year. Partial prepa��ment may be allo��ved in accordanee with ordinances �ti�hich are existin� or which the City ma�� choose to ac'topt in the ruture. Pa�e 1 of?