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.. 4;!/;<6 .. ~ -! ,i. "'" RESOLUTION NO. 1388 STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON RESOLUTION ADOPTING ASSESSMENT ON IMPROVEMENT 72-3 BE IT RESOLVED by the City Council of the City of New Brighton, Minnesota as follows: WHEREAS pursuant to proper notice duly given as required by law the city council has met and heard and passed upon all objections to the proposed assessment for the improvement of: Intersection of 29th Avenue N.W. and 15th Street N.W. to Silver Lake Road, between 13th Street N.W. and 14th Street N.ti. By: Acquisition of utility easements, storm sewer pipe and appurtenances. NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF NEW BRIGHTON, MINNESOTA: l. Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual install- ments extending over a period of fifteen (IS) years, the first of the installments to be payable on or after the first Monday in January 1975, and shall bear interest at the rate of eight percent (8%) per annum from the date of the adoption of this assessment resolution until December 31, 1975, to each subsequent installment when due shall be added interest for one (1) year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, p~! the whole of the assessment on such property with interest accrued to the date of payment, to the City Treasurer, except that no interest shall be charged if the entire ~ssessment is paid within 30 days from the adoption of this resolution and he may, at any time thereafter, pay to the county treasurer, and the balance of the assessments r~;maining unpaid to th~, City Treasurer.,; with interest accrued in accordance with the status such in case made and provided. 4. The clerk shall forthwith trai,lsmit a certified duplicate of this assessment to the county auditor to be 'extended on the proper tax list of the county, anq such assessments shall be collected and paid'over in the same manner as other municipal taxes. Adopted this 8th day of ATTEST: .~~.f?Jl~ T1'iomas Vernon c. Pederson, Clerk-Treasurer (SEAL)