Res 1993 - 16 Deferring Payment of A Portion of Assessments (Improvement No. 91, Project No. 4)City ai Mendata Heights
Dakata County, Mi�uiesota "
RESOLUTION NO. 93- 16
RESOLUTION DET`ERI.2ING PAYA�NT OF
A PORTION OF ASSESSIVIEEN'rS
(IlV1I"ROVEMF.NT NO. 91, PROJECT NO. 4)
VV� ++ AS, t1�e City Clerk, with the assi.stance of the City Engiueer, has calculated the
praper amount ta be speciall.y assessed for Improvement No. 91, Project No. 4, construc�ion af
storm sewer, water, street and curb and gutter improvements; and
WH.TREAS, the hea�ring on said assessments was duly held at 8:OQ P.1Vi. dclock P.M.
on March 16, 1993, at the� Ciry Hall of fihe City of Mendota Heights, Minnesota; aad
WEi�REAS, the pmposed assessment roll for said improvements was duly adopted by
the Ciiy Council. on March 16, 1993; and '
W][3��tEAS, the City Council has detennined that it would be in the best iztterest of the
City of Mendota Heights ta defer the payment of a portion of the assessments with respect ta
the above x�eferenced imgmvements in the following amounts and as ta the following pam,els
situated in Dakota County, Minnesota, to-wit:
Tax Farcel Owners Deferred
27-03500-010-S1. Convent af $34,160.Q0
Visitaiion
Wfl:EREAS, t�at partion of each of the above assessments indicated. above as being
defermd would be deferred with the understanding that said amount, plus interest accrcied from
Cktober, 1993 at the rate of seven percent (7 °lo) per annum, wauld become immediately payable
upon the sa2e or future development of the pa�rcei to which said defened assessment relates.
� N4W T.�CER]�Ft}F�E,. IT IS H� ++ BY �►ESOLVED by the City Council of #he Ciiy
of Mendota. Heights, as foll.ows: .
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1. That the assessment. roll for Improvement No. 91, Project No. 4 be conected as
set forth above. �
2. T%at upon the future development of any of the above described parcels
necessita.ting the issuance of a building permit from the City of Mendota
Heigfits,the deferred amount of said assessment against to the praperty to be
developed, as more particularly set forth abave, will be immediately due and
payab%, tagether with interest at th� rate of seven percent (7%} per annum fmm
UCt4t?C:ti �4��.
3. That the City C1erk is hereby directed io f�ie a cert�ed copy of this resolution
in the office of the County Auditor and County Recorder of Dakota County,
I4�innesota so that any fizture purchaser or party interest relati.ve ta any of the
above described parcels will be an notice relative to ihe defexred assessments
described above. �
Adopted by the City Council of the City of Mendota �Ieigbts this 16th da.y of March, 1993.
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# 1` 1► # • i:�
�y ,:�-,� �. ��tw.:�. =�
Charles E, Mertensatta, Mayor
ATTEST:
�i� � " ' .J��^� Al�_� � `/A_.�������..-
. Swanson, City Clexk
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