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<br /> 1: <br /> I' <br />~ , '. ":' .. <br /> I ; <br /> <br />RESOLUTION NO 85-113 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION CANCELLING THE DEFERMENT FOR THE ST. MARY'S PROPERTY <br /> <br />Whereas, pursuant to Resolution 83-102, the City authorized <br />a deferment for Project 82-8i <br /> <br />Whereas, this deferment was contingent on several conditions, <br />one of which was that St. Mary's continue to own the propertYi <br /> <br />Whereast St. Mary's has notified the City that the property <br />was sold in April of 1985; <br /> <br />NOWt therefore be it resolved that: <br /> <br />1. the deferment shall be cancelled and the assessment <br />collected. <br /> <br />2. payment of the assessed amount shall be over a period <br />of 14 yearst the first installment payable with the <br />1986 property taxes. <br /> <br />3. interest at the rate of 11% per annum shall be paid <br />on the unpaid assessed amount. <br /> <br />4. interest on the first installment shall be for a period <br />of 12 months, covering the time from January through <br />December, 1986. <br /> <br />5. the installments for the assessed amount shall be <br />determined by dividing the assessed amount into 14 <br />equal amounts. <br /> <br />6. the assessed amount shall be as follows: <br /> <br />Parcel <br /> <br />Assessed amount <br /> <br />19-30-23-32-0059/63-01900-070-54 <br />19-30-23-33-0001/63-01900-060-54 <br />19-30-23-31-0060/63-01900-190-55 <br /> <br />$35,042.12 <br />$43,802.65 <br />$43,802.65 <br /> <br />, , <br />;i <br /> <br />Adopted this <br /> <br />8th day of <br /> <br />October , 1985 <br /> <br />kc#J~ 03. ~ <br />Greg . Harcus, Mayor <br /> <br />ATTEST: <br /> <br /> <br /> <br />Egan, Finance Director <br />