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Resolution - 15-22 - Final Assessment for West Arm Road East• CITY OF SPRING PARK SPRING PARK, MINNESOTA RESOLUTION 15-22 A RESOLUTION ADOPTING THE PROPOSED ASSESSMENT FOR THE 2015 WEST ARM ROAD (EAST) STREET IMPROVEMENT PROJECT WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment for Improvement No. 14-26, the improvement of West Arm Road (East) from the intersection of Kings Road to the terminus of West Arm Road (East). NOW, THEREFORE, in consideration of the foregoing, it is hereby: RESOLVED AS FOLLOWS: 1. The proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute a special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it; and 2. Such assessment shall be payable in equal annual installments extending over a period • of five (5) years, the first of the installments to be payable on or before the first Monday in January 2016, and shall bear interest at the rate of three and eighty-seven one hundredths (3.87%) percent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2015. To each subsequent installment, when due, shall be added interest for one year on all unpaid installments; and 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the city treasurer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and he/she may, at any time thereafter, pay to the city treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 4. The city clerk shall forthwith transmit a certified duplicate of this assessment to the Hennepin County auditor to be extended on the property tax lists of the county. Such assessments shall be collected and paid over in the same manner as other municipal taxes. 0 RESOLUTION 15-23 ADOPTED by the City Council of the City of Spring Park, MN on November 16, 2015. r ruce W lliamson, Mayor STATE OF MINNESOTA) COUNTY OF HENNEPIN) CITY OF SPRING PARK) gendy win, ECity Clerk I, Wendy Lewin, City Clerk of the City of Spring Park, do hereby certify that I have compared the attached instrument identified as Resolution 15-22 of the City Council of the City of Spring Park with the original instrument now on file in my office and that it is a true and correct copy of the same and whole thereof which was duly adopted by said City Council at its meeting on November 16, 2015. In witness whereof I have hereunto set my hand and seal this 25th day of Nov emb , 2015. endy Lewin ity Clerk IV 0