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. ,. ; ...-- " oJ . RESOLUTION NO. ] 9?7 STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON RESOLUTION ADOPTING ASSESSMENT ON IMPROVEMENT 76-2 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: Improvement 76-2 Location: Area generally bounded by Silver Lake Road on the west; 15th Ave. NW on the east; I-694 on the north and 5th Street NW on the south. Improvement By: Acquiring utility and construction easements and installation of storm sewer pipe and appurtenances on 7th st. NW from 19th Ave. NW to County Ditch #2. NOW THEREFORE BE IT RESOLVED by the City Council of the City of New Brighton, Minnesota: 1. 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 assess- ment levied against it. 2. Such assessment shall be payable in equal annual install- ments extending over a period of fifteen (15) years, the first of the installments to be payable on or after the first Monday in January 1978, 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, 1977, to each subsequent installment when due shall be added interest for one ( 1) yea~ on all unpaid ins,ta11ments. 3. The owner of any property so assessed may, atapy time prior to certification of the assessment to the county Auditor, pay 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 assessment 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, remaining unpaid to the City Treasurer with interesit ~ccrued in accordance with the statutes such in case made and provided.