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,� <br /> t�. , _ <br /> , r=_ . <br /> ..�- ,�-�`-.� <br /> � <br /> � O� . . <br /> • O O <br /> � � e. - CITY of ORONO <br /> � � . . <br /> . ��� �G'�' RESOLUTION OF THE CITY COUNCIL <br /> �kESH�� NO. 314 5 <br /> A RESOLIITION ADOPTING STUBBS BAY SANITARY SEWER <br /> ASSESSMENT ROLL ' <br /> WHEREAS, pursuant to proper notice duly given as <br /> � required . by law, the Council has met and heard and passed upon " . <br /> all objections to the proposed assessment for the improvement of _ <br /> sanitary sewer in the Stubbs Bay Area. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br /> ORONO, MINNESOTA: <br /> •� 1. Such proposed assessment, a copy of which is attached <br /> • hereto and made. a part hereof, ' is hereby accepted and <br /> shall constitut'e the special assessment against the <br /> lands named therein, and each tract of land therein <br /> includec3 is hereby found to be benefited by the proposed <br /> improvement in the amount of the assessment levied <br /> - against it. <br /> • 2. Such� assessment shall be payable in equal annual <br /> installments extending over a period of 15 years, the <br /> first of. the install.ments to be payable on or before the <br /> first Monday in January, 1993 and shall bear interest at <br /> . the rate of 8 per cent per annum from the date of the <br /> adoption of this assessment resolution. To the first <br /> installment shall be added interest on the entire <br /> assessment from the date of this resolution until � <br /> December 31, 1992. To each subsequent installment when , <br /> due shall be added interest for one year on all unpaid <br /> installements. • <br /> 3. The owner of �any property so assessed may, at any time <br /> prior. to certification of the assessment to the county <br /> auditor , pay the whole of the assessment on such <br /> property, with interest accrued to the , date of payment, . <br /> to the city treasurer, except that no interest shall be <br /> . . charged if the entire assessment is paid within 3PJ days <br /> from the� adoption of this resolution; and he may, at any � <br /> time thereafter�, pay to the city treasure,r the entire . <br /> - . amoun't of the assessment remaining unpaid, with" interest � <br /> � . .� _. accrued� to December 31 of the year in wh ich such payment <br /> - � is made. Such payment must be made before November 15 <br /> or interest.wi 11 be charged through December 31 of the <br /> � next succeeding year. Partial prepayment may be allowed <br /> in accordance with ordinances which are existing or . <br /> • which the City may choose to adopt in the future. � <br />