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to be l)~t,~fii cd by the proposed improvement in the amount of the
<br />assesss~u..~L I~ v~ed against it.
<br />
<br /> ';) Theft such a~sessment shall be payable in equal
<br />annual i;~,~i , f.]ments extending over a period of three years, the
<br />first .i! ~i~ Lt~stalLments to be payable on or before the first
<br />Mond~,y L, ! ~-pu~,ry, 1988 and shall bear interest at the rate of
<br />8.60 pe~ .~ I annum from the date of the adoption of this
<br />assess~,~ ~i ~ eso~ution. To the first installment shall be added
<br />inter~ ~,~, ~he entire assessment from the date of this
<br />resolu~ , ~,~ unt] 1 D~cember 31, 1988. To each subsequent
<br />3nst~,J, Lr,~c~ ~ben due shall be added interest for one year on all
<br />unpaid i,.,~ ~,I i _,men-,ts.
<br />
<br /> 'i'~ That the owner of any property so assessed may, at
<br />arty ~i.~,~ i~.: ~r to certification of the assessment to the Anoka
<br />CounLy ~iadi~,,r, pay the whole of the assessment on such property,
<br />with i~e~,'~ ~ccrued to the date of payment, to the City Finance
<br />Departm~,.1 except that no interest shall be charged if the
<br />entire a~;e~.~ment is paid within 30 days from the adoption of
<br />this r~s~,}~ ion; and he may, at any time thereafter, pay to the
<br />City Fi ~;~+ Dei, artment the entire amount of the assessment
<br />rema_ini~,~. ~,~,p~,id, witb interest accrued to December 31 of the
<br />year i.~ ',,~i {,~h such payment is made. Such payment must be made
<br />before !~,~t,~I~e~ 10, 1987, or interest will be charged through
<br />December, ~ ~,! tl~e next succeeding year.
<br />
<br /> 5} That the City Administrator shal 1 forthwith
<br />transm;i ~ < ert~ fled duplicate of this assessment to the Anoka
<br />County A,~, ~i~ ~L',~ ('~ff]ce to be extended on the proper tax lists of
<br />the Cou~.~I~y~ ;~nd such assessments shall be collected and paid over
<br />Jm the ~;~mt:~ ~,;~nmr as other, municipal taxes.
<br />
<br />The mot{~,~ J,-~,: the adoption of the foregoing resolution was duly
<br />secoud~:d b./ '/~ouncilmember Pearson and upon vote being taken
<br />thereon~ i/,;.~ i'~Jlowing voted in favor thereof:
<br />
<br />and thc i~] i,~,.:,i~;g voted against the same:
<br />
<br />and the i:(~l},x.,i~t[; al, stained:
<br />
<br />Resolution #87-232
<br /> Page 2 of 3
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