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therei~ ;~.~d each tract of land therein included in hereby found <br />to be b~ve~ited by the proposed improvement in the amount of the <br />asses~-;~,e..~.! !~,vied against it. <br /> <br /> ?) S~ch assessment shall be payable in equal annual <br />instal'i.~.r~t~: extending over a period of three years, the first of <br />the i~t;:,.ii!m, ents to be payable on or before the first Monday in <br />Janus. fy; 1988, and shall bear interest at the rate of 8.80 per <br />cent ~r,~tt, m from the date of the adoption of this assessment <br />resol..tio~,~ To the first installment shall be added interest on <br />the ¢~t;;~-e, assessment from the date of this resolution until <br />Decemb+~.~ ~!, 1986. To each subsequent installment when due shall <br />be add~,: ~;~.~terest for one year on all unpaid installments. <br /> <br /> 3) The owner of any property so assessed may, at any <br />time p~io,; to certJ..fication of the assessment to the county <br />audito~ ~.;~y the whole of the assessment on such property, with <br />intez¢~:~t ~-~f~crued to the date of payment, to the City Treasurer, <br />except: that ,to interest shall be charged if the entire assessment <br />Js paJ~! ~,Jthin 30 days from the adoption of this resolution; and <br />he may, at any time thereafter, pay to the City Treasurer the <br />entir¢~ ~o~nt of the assessment remaining unpaid, with interest <br />accrue~! ~_o '0ecember 31 of the year in which such payment is made <br />Such pa~/~te~f.', must be made before October 15 or interest will be <br />charg~:d ~:ihrough December 31 of the next succeeding year. <br /> <br /> z:) The City Administrator shall forthwith transmit a <br />cerl;if;,.~-~ c~uplicate of this assessment to the County Auditor to <br />be ext~,~-~d~,,d on the proper tax lists of the County and such <br />assess~,~,:~t,.~'~ shall be collected and paid over in the same manner <br />as othe~ ~.tu~icip~l taxes~ <br /> <br />The m~ti~n for the adoption of the foregoing resolution was duly <br />seco~,ded 'b,/ Councitmember Schlueter and upon vote being taken <br />there.~;~ t'l~e ~ollowing voted in favor thereof: <br /> <br />~'~.a v o r Reimann <br />Co~r~c ilmember Cox <br />¢',o~nc i]member Schlueter <br /> <br />and thc foil. owing voted against the same: <br /> <br />and the ~:~]ilowJng were absent: <br /> <br />C~c ii member Sorteberg <br /> <br />Resolution #86-149 <br /> Page 2 of 3 <br /> <br /> <br />