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~ .. ,... I " " -. '" ro;:SQLUTION NO. 1916 STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON RESOLUTION ADOPTING ASSESSMENT ON IMPROVEMENT 75-'"8' ,- 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: Location: All that property abutting 27th Ave. NW between I-694 and Palmer Drive; and all that property abutting Palmer Drive from Silver Lake Road to Clover Lane. By: Acquiring utility and construction easements and grading, sanitary sewer, watermain, storm sewer, concrete curb and gutter, crushed rock base, bituminous base and surfacing on 27th Ave. NW between I-694 and Palmer Drive and on Palmer Drive from Silver Lake Road to Clover Lane. NOW THEREFORE BE IT RESOLVED by the City Council of the City of New Brighton, Minnesota: 1. Such proposed assessment, a copy 6f 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 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, 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 !l'reasurer, and the balance of the assessments remaining ,unpaid tQt"Q.e City Treasurer with interest accrued in accordance with the st",tut.es'su.€h in case made and provided.