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. � <br /> �O� <br /> O O <br /> A CITY of ORONO <br /> a � <br /> ti <br /> ��ti� �G~' RESOLUTION OF T� CyITY COUNCIL <br /> `9kESII�4' NO. �r� 3 S <br /> A RESOLUTION ADOPTING THE <br /> DAKOTA RAIL DRIVEWAY EASEMENT ASSESSMENT ROLL <br /> WHEREAS, pursuant to proper notice duly given as required by law,the Council <br /> has met and heard and passed upon all obj ections to the proposed assessment for the acquisition of a <br /> driveway easement in the Dakota Rail right-of-way to serve properties on Crystal Bay Road. <br /> NOW, THEREFORE, BE IT RESOLVED, by the City Council of Orono, <br /> Minnesota: <br /> 1. Such proposed assessment, a copy of which is attached.hereto and made a part hereof, is <br /> hereby accepted and shall constitute the special assessment against the lands named.therein, <br /> and each tract of land therein included is hereby found to be benefited by the proposed <br /> improvement in the amount of the assessment levied against it. <br /> 2. Such assessment shall be payable in equal annual installments extending over a period of 15 <br /> years, the first of the installments to be payable on or before the first Monday in January <br /> 2008 and shall bear interest at the rate of 6.25%per annum from the da.te of the adoption of <br /> this assessment resolution. To the first installment shall be added interest on the entire <br /> assessment from the da.te of this resolution until December 31, 2008. To each subsequent <br /> installment when due sha11 be added interest for one year on all unpaid installments. <br /> 3. The owner of any property so assessed may, at any time prior to certification of the <br /> assessment to the County Auditor,pay the whole of the assessment on such property,with <br /> interest accrued to the date of payment,to the City Treasurer,except that no interest sha11 be <br /> charged if the entire assessment is paid within thirty (30) days from the adoption of this <br /> resolution;and he may,at anytime thereafter,pay to the City Treasurer the entire amount of <br /> the assessment remaining unpaid,with interest accrued to December 31 of the year in which <br /> such payment is made. Such payment must be made before November 15 or interest will be <br /> charged through December 31 of the next succeeding year. Partial prepayment may be <br /> allowed in accordance with ordinances which are existing or which the City may choose to <br /> adopt in the future. <br /> Page 1 of 2 <br />