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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 Olson Street in the City of <br /> Pequot Lakes, Minnesota . <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, 1992 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 , 1992. 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 27th rNovember, 1991 . <br /> . _,,A ,.,,,,,,_. .._., ,,H. <br /> .. ^ � - -�-- '` : .~ <br /> / . .- _- - - ' � '� <br /> =_ � `` ' ,_ <br /> •Terri Russell , City I.erk <br />