Agenda - Council - 09/25/1984 - Laserfiche WebLink

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i interest at such rate as the resolution determines, not exceeding the maximum period and rate specified above. In the latter event, no prepayment shall be accepted under Subdivision 3 without payment of all installments due to and including December · 31 of the year of prepayment, together with the original principal amount reduced only by the amounts or principal included in such installments, computed on an annual amortization I basis. When payment of an assessment is deferred, as authorized in this subdivision, interest thereon for the period of deferment may be made payable annually at the same times as the principal installments of the assessment would have been payable if not I for this be added to the deferred; or interest period principal amount of the assessment when it becomes payable; or, if so provided in the resolution levying the assessment, interest ~ thereon to December 31 of the year before the first installment · is payable may be forgiven. I Subdivision 3. Transmitted to Auditor~ Prepayment. After the adoption of the assessment, the Clerk shall transmit a certified duplicate of the assessment roll with each [] installment, including interest, set forth separately to the Anoka County Auditor to be extended on the proper tax lists of the County; but in lieu of such certification, the Council may in its discretion direct the Clerk to file all assessment roll I in his office to certify annually County Auditor, on and to the or before October 10 in each year, the total amount of installments of and interest on assessments on each parcel of I land in the City which are to become due in the following year. If any installment and interest has not been so certified prior to the year when it is due, the Clerk shall forthwith I certify the same to the County Auditor for collection the then succeeding year; and if the City has issued improvement warrants to finance the improvement, it shall pay out of its general I funds into the fund of the improvement interest on the then unpaid balance of the assessment for the year or years during which the collection of such installment is postponed. All assessments and interest thereon shall be collected and paid I over in same manner as owner the other municipal taxes. The of any property ao assessed may, at any time prior to certification of the assessment or the first installment thereof to the County I Auditor, the whole of the assessment on such property, with pay interest accured to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire I assessment is paid within thirty days from the adoption thereof; and except as hereinafter provided, he may at any time prior to November 15 of any year, prepay to the Treasurer of the City, i the whole assessment remaining due with interest accrued to December 31 of the year in which said prepayment is made. If the assessment roll is retained by the City Clerk, the installment and interest in process of collection on the current tax list I shall be paid to County remaining the Treasurer and the principal balance of the assessment, if paid, shall be paid to