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RESOLUTION ADOPTING ASSESSMENT <br /> WHEREAS, pursuant to proper notice duly given as <br /> required by law, the council has met and heard and passed <br /> upon all objections to the proposed assessment for the <br /> improvement of blacktopping the alley between Front and <br /> Spruce Streets , Block 2 , Pequot . <br /> NOW THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL OF <br /> PEQUOT LAKES, MINNESOTA: <br /> 1 . Such proposed assessment , a copy of which is <br /> attached hereto and made a part hereof , is hereby accepted <br /> and shall constitute the special assessment against the lands <br /> named therein , and each tract of land therein included in <br /> hereby found to be benefited by the proposed improvement in <br /> the amount of the assessment levied against it . <br /> 2 . Such assessment shall be payable in equal annual <br /> installments extending over a period of 10 years, the first <br /> of the installments to be payable on or before the first <br /> Monday in January, 1993 and shall bear interest at the rate <br /> of 8 per cent per annum from the date of the adoption of this <br /> assessment resolution until December 31 , 1993 . To each <br /> subsequent installment when due shall be added interest for <br /> one year on all unpaid installments . <br /> 3. The owner , of any property so assessed may , at any <br /> time prior to certification of the assessment to the county <br /> auditor , pay the whole of the assessment on such property, <br /> with interest accrued to the date of payment , to the city <br /> clerk, except that no interest shall be charged if the entire <br /> assessment is paid within 30 days from the adoption of this <br /> resolution ; and he/she may, at any time thereafter , pay to <br /> the city clerk the entire amount of the assessment remaining <br /> unpaid , with interest accrued to December 31 of the year in <br /> which such payment is made . Such payment must be made before <br /> November 15 or interest will be charged through December 31 <br /> of the next succeeding year . <br /> 4. The clerk shall forthwith transmit a certified <br /> duplicate of the assessment to the county auditor to be <br /> extended on the property tax lists of the county . Such <br /> assessments shall be collected and paid over in the same <br /> manner as other municipal taxes . <br /> Adopted by the council this 29th day of October , 1992 . <br /> Es Larsellr Mayor <br /> Te ri Russell , City Clerk <br />