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WHEREAS, The City of Pequot Lakes held a preliminary <br /> assessment hearing on July 27, and <br /> WHEREAS, The City has ordered the improvement of Grove <br /> Street and Tabor Avenue <br /> Now therefore it is hereby resolved that; <br /> 1) The City of Pequot Lakes adopts the proposed assessment <br /> roll as a special assessment against the lands named in <br /> the roll. <br /> 2) Interest shall be charged at 8%. <br /> 3) Installments shall be payable equally over 7 years. <br /> 4) Any prepayments prior to October 9, 1981 shall be charged <br /> no interest. <br /> 5) Any prepayments prior to November 15, 1981 shall be charged <br /> interest to December 31, 1981. <br /> 6) To any subsequent installments shall be charged interest on <br /> the unpaid balance to December 31 of the year the installment <br /> is due. <br /> Richard L. Zart ity Clerk <br /> .t - <br />