HomeMy WebLinkAboutResolution 465RESOLUTION #465 (cont.)
1. It has been brought to the attention of the Village Coucil of
Orono by the Village administration that Sanitary Sewer Project No..
1971LS-1 had a cost outlay of $45,552.00.
2. The Village has heretofore levied special assessments adopted'
September 25, 1972, for the payment of part of the cost of said improve
ments.. The designation of the various improvements, the amount assessed
or to be assessed for each, the number•of installments, and the years in -
which such installments will be collectible are as follows:
Amount Number of Years When
Improvement Designation' Assessed Installments Collectible
Sanitary Sewer Project
No. 1971LS-1 $27;33148 15 1973/87
The balance of the principal of said assessments from time to time re-
maining unpaid shall bear interest at the rate of eight percent (8J)
per annum.
3. There is hereby levied upon all of the taxable property in the
Village a direct, annual, ad valorem tax, which shall be spread upon the
tax rolls for collection in the years and amounts as.follows:
Collection
Amount
Collection
Amount
Year
Year
1973
$2,300
1980
$1,900
1974
21200
1981
1,800
1975
2,200
1982
1,800
1976
2,100
1983
1,700
1977
2,100
1984
1,600
1978
2,000
1985
1,600
1979
2,000
1986
1,500-
E
The foregoing tax levies shall be irrepealable; provided, that the
Village reserves the right and power to reduce the levies in the manner and
to the extent provided in Minnesota Statutes, Section 475.61.
4. The Village Clerk is hereby authorized and directed to file
with the County Auditor of Hennepin County a certified copy of this
resolution and to obtain from said County Auditor a certificate setting
forth the registration of said tax levies in accordance with the provi-
sions of Minnesota Statutes, Sections 475.61 through 475.63.
Adopted by the Village Council of the Village of Orono, Minnesota at a
meeting held Octobe'r`'9, 1972.
Louis B. O er auser, Mayor
Attest:
James W. Cosby, Glerk-AMIT=rator