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RESOLUTION <br /> WHEREAS, pursuant to proper notice duly given as required by law, the council <br /> has met and heard and passed upon all objections to the proposed assessment for <br /> the water and sewer extension between Maish Street and South Heath Street, <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PEQUOT LAKES, MN: <br /> 1 . Such proposed assessment, a copy of which is attached hereto and made <br /> a part hereof, is hereby accepted and shall constitute the special assessment <br /> against the lands named therein, and each tract of land therein included in <br /> hereby found to be benefited by the proposed improvement in the amount of the <br /> assessment levied against it. <br /> 2. Such assessment shall be payable in equal installments extending over <br /> a period of 10years, the first of the installments to be payable on or before <br /> the first Monday in January 1992 and shall bear interest at the rate of 8 per <br /> cent per annum from the date of the adoption of this assessment resolution. To <br /> the first installment shall be added interest on the entire assessment from <br /> the date of this resolution until December 31 , 1991 . To each subsequent install- <br /> ment when due shall be added interest for one year on all unpaid installments. <br /> 3. The owner of any property so assessed may, at any time prior to <br /> certification of the assessment to the county auditor, pay the whole of the <br /> assessment on such property, with interest accrued to the date of payment, to <br /> the city treasurer, except that no interest shall be charged if the entire <br /> assessment is paid within 30 days from the adoption of this resolution; and he <br /> may, at any time thereafter, pay to the city treasurer the entire amount of the <br /> assessment remaining unpaid, with interest accrued to December 31 of the year <br /> in which such payment is made. Such payment must be made before November 14 or <br /> interest will be charged through December 31 , of the succeding year. <br /> 4. The clerk shall forthwith transmit a certified duplicate of this <br /> assessment to the county auditor to be extended on the property tax lists of <br /> the county. Such assessments shall be collected and paid over in the same <br /> manner as other municipal taxes. <br /> Adopted by the city council of the City of Pequot Lakes this 31st day of <br /> January 31 , 1991 at a special meeting held at the Pequot Lakes City Hall. <br /> / ` \ <br /> Mayor, Ed Lars n - <br /> City Clerk, Terr' ussell <br />