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Res 1994 - 59 Deferring Payment of a Portion of Assessments (Improvement No. 84, Project No. 2C)City of Mendota Heights Dakota County, Minnesota. �- RESOLUTION NO.`. 94� 59 .� RESOLUTION DEFERRING PAYMENT OF A PORTION OF ASSESSMENTS (IlVIPROVEMENT NO. 84, PROJECT NO. 2C) WHEREAS, the City Clerk, with the assistance of the City Engineer, has calculated the proper amount to be specially assessed for Improvement No. 84, Project No. 2C, construction of sewer, water, street, storm sewer, curb and gutter and trail improvements ; and WHEREAS, the hearing on said assessments was duly held at 8:00 P.M. o'clock P.M. on September 6, 1994, at the City Hall of the City of Mendota Heights, Minnesota; and WHEREAS, the proposed assessment roll for said improvements was duly adopted by the City Council on September 6, 1994; and WHEREAS, the City Council has determined that it would be in the best interest of the City of Mendota Heights to defer the payment of a portion of the assessments with respect to the above referenced improvements in the following amounts and as to the following parcels situated in Dakota County, Minnesota., to-wit: Tax Parcel 27-57000-011-02 27-57000-020-02 2�-s�aao-o22-02 27-57000-031-02 27-57000-040-02 27-57000-050-02 Owners Mary H. Hartz Donald I. Penon Stanley & Jean A. Franson Jean A. Franson & Don I. Penon Deferred $9,590.00 $1,593.00 $13,586.00 $9,615.00 Jean A. Franson & Don I. Perron $9,340.00 Jean A. Franson & Don I. Perron $4, 822.00 WHEREAS, that portion of each of the above assessments indicated above as being defened would be deferred with the understanding that said amount, plus interest accrued from October, 1994 at the rate of seven percent (7 %) per annum, would become immediately payable upon the sale or future development of the parcel to which said defened assessment relates. .:� . ,• f r, NOW THEREFORE, IT IS IiEREBY RESOLVED by the City Council of the City of Mendota Heights, as follows: 1. That the assessment roll for Improvement No. 84, Project No. 2C be conected as set forth above. 2. That upon the future development of any of the above described parcels necessitating the issuance of a building permit from the City of Mendota Heights, the defened amount of said assessment agai.nst to the property to be developed, as more particularly set forth above, will be immediately due and payable, together with interest at the rate of seven percent (7 %) per annum from October, 1994. 3. That the City Clerk is hereby directed to file a certif'ied copy of this resolution in the office of the County Auditor and County Recorder of Dakota County, Minnesota so that any future purchaser or party interest relative to any of the above described parcels will be on notice relative to the deferred assessments described above. Adopted by the City Council of the City of Mendota Heights this 6th day of September, 1994. ATTFST: J athleen M. Swanson, City Clerk CITY COUNCIL CITY OF MENDOTA HIIGHTS gy �.,�.�. � ��1-,�-� Charles E. Mertensotto, Mayor