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shall ~,~:~ itute the special assessment against the lands named <br />thereJ~ ~.~id each tract of land therein included in hereby found <br />to be b,~.r, efited by the proposed improvement in the amount of the <br />asses~;m,~i ],~vied against it. <br /> <br /> 2) ,~{uch assessment shall be payable in equal annual <br />insta]~!~,~-~.i~s extending over a period of three years, the first of <br />the insi;~ iI i!mepts to be payable on or before the first Monday in <br />Janu~,~y, 1~)88~ and shall bear interest at the rate of 8.80 per <br />cent ~n:~', from the date of the adoption of this assessment <br />resotuJ.-i<u~ ']~o the first installment shall be added interest on <br />the ~t ~ ?e assessment from the date of this resolution until <br />Decembe~~ ~{i ~ ].986. To each subsequent installment when due shall <br />be ad~i~ ,~ : '~terest for one year on all unpaid installments. <br /> <br /> ":) The owner of any property so assessed may, at any <br />time pr'~o:~ to certification of the assessment to the county <br />auditor~ i~_~y the whole of the assessment on such property, with <br />inter~.~':i~ ~ trued to the date of payment, to the City Treasurer, <br />except ',;h~t no interest shall be charged if the entire assessment <br />is pai.< 'i~it'.b._in 30 days from the adoption of this resolution; and <br />he ma~y, :~t any time thereafter, pay to the City Treasurer the <br />entire ~!~,~>~.~nt of the assessment remaining unpaid, with interest <br />accru~ Lo December 31 of the year in which such payment is made <br />Such pa?~,~,:~t must be made before October 15 or interest will be <br />charg~,.d i i~ough December 31 of the next succeeding year. <br /> <br /> 4) The City Administrator shall forthwith transmit a <br />certif~<~<~ ~luplicate of this assessment to the County Auditor to <br />be e~ tf~rd<~d on the proper tax lists of the County and such <br />asses~',~.~t~ shall be collected and paid over in the same manner <br />ss other.' ~:-,,,.':i<ipal taxes° <br /> <br />The m<_,i::::~, [:or the adoption of the foregoing resolution was duly <br />secor, de~! by' Councilmember Schlueter and upon vote being taken <br />thereop~ i|'~ following voted in favor thereof: <br /> <br />Ma?ow Re imanr~, <br />Co~u!cilmember Cox <br />c~,c ilmemb er Schlueter <br /> <br />and tb~ i~] J~wJ.ng voted against the same: <br /> <br />and tb.~, ~c]]<~wing were absent: <br /> <br />C,),~nc ii member Sorteberg <br /> <br />Resolution #86-148 <br /> Page 2 of 3 <br /> <br /> <br />