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Agenda - Council - 09/25/1984
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Agenda - Council - 09/25/1984
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
09/25/1984
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I <br />'1 <br />I <br /> <br />- 11 - <br /> <br /> part of the adopted assessment ro11. All objections to the <br />I assessments not received at the assessment hearing in the manner <br /> prescribed by this section are valved unless the failure <br /> to <br /> object at the assessment hearing is due to a reasonable cause. <br />I The assessment, with accruing interest, shall be a lien upon <br /> all private and public property included therein, from the date <br /> I of the resolution adopting the assessment, concurrent with the <br /> general taxes; but the lien shall not be enforceable against <br /> public property as long as it is publicly owned, and during such <br />i period the assessment shall be recoverable from the owner of such <br /> property only in the manner and to the extent provided in Section <br /> 210.0.16 of this code. Except as provided below, all assessments <br /> shall be payable in equal annual installments extending over such <br /> period, not exceeding thrity years, as the resolution determines, <br /> payable on the first Monday in January in each year, but the <br /> number of installments need not be uniform for all assessments <br /> included in a single assessment roll if a uniform criterion for <br /> determining the number of installments is provided by the <br /> resolution. The first installment of each assessment shall be <br /> included in the first tax rolls completed after its adoption and <br /> shall be payable in the same year as the taxes contained therein; <br /> except that the payment of the first installment of any <br />I assessment levied upon payment of the first installment of any <br /> assessment levied upon unimproved property may be deferred until <br /> designated future year or until the platting of the property or <br /> a <br /> the construction of improvements thereon, upon such terms and <br />I conditions and based such standards and criteria <br /> upon <br /> as <br /> may <br /> provided by resolution of the Council. If special assessments <br /> against the property have been deferred pursuant to this <br />I subdivision, the city shall file with the Anoka County Recorder a <br /> certificate containing the legal description of the affected <br /> property and the amount deferred. In any event, every assessment, <br />I the payment of which is so deferred, when it becomes payable, <br /> shall be divided into a number of installments such that the last <br /> <br /> installment thereof will be payable not more than thirty years <br />i after the levy of the assessment. <br /> All assessments shall bear interest a such rate as the <br /> resolution determines, not exceeding the maximum permitted by <br /> law, except that the rate may in any event equal the average <br />I annual interest rate on bonds issued to finance the <br /> tmprovment <br /> for which the assessments are levied. To the first installment <br /> of each assessment shall be added interest on the entire <br />I assessment from a date specified in the resolution levying the <br /> assessment, not earlier than the date of the resolution, until <br /> December 31 of the year in which the first installment is <br />I payable, and to each subsequent installment shall be added <br /> interest for one year on all unpaid installments; or, <br /> alternatively, any assessment may be made payable in equal annual <br />i installments including principal and interest, each in the amount <br /> annually required to pay the principal over such period with <br /> <br /> <br />
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