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Res 1991 - 47 Deferring Payment of AssessmentCity of Mendota Heights Dakota County, Minnesota RESOLUTION NO. 91-47 RESOLUTION DEFERRING PAYMENT OF ASSESSMENT (IMPROVEMENT NO. 86, PROJECT NO. 4) WHEREAS, the City Clerk with the assistance of the City Engineer has calculated the proper amount to be specifically assessed for in Improvement No. 86, Project No. 4, construction of sanitary sewers, watermain, storm sewer and street rehabilitation; and WHEREAS, the hearing on said assessments was duly held at 8:00 o'clock P.M. on May 7, 1991, at the City Hall of the City of Mendota Heights; and WHEREAS, the proposed assessment roll for said improvements was duly adopted by the City Council on May 7, 1991; 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 the assessments with respect to the above referenced improvements in the following amounts and to the following parcel situated in Dakota County, Minnesota, to-wit: Tax Parcel Owner Deferred 27-04100-017-36 Margaret M. Perron $6,250.00 2370 Highway 55 Mendota Heights, MN 55120 WHEREAS, that the assessment indicated above as being deferred would be deferred with the understanding that said amount, plus inter- est accrued from May 7, 1991, at the rate of eight percent (8%) per annum, would become immediately payable upon the future sale, division or development of the above described parcel to which said deferred assessment relates. NOW THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City of Mendota Heights, as follows: 1. That the assessment roll for Improvement No. 86, Project No. 4, be corrected as sort forth above. 2. That upon the future sale, division or development of the above described parcel will be immediately due and payable, together with interest at the rate of eight percent (8%) per annum from May 7, 1991. 3. That the City Clerk is hereby directed to file a certified 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 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 20th day of August, 1991. CITY COUNCIL CITY OF MENDOTA HEIGHTS By �.�.� � Charles E. Mertensotto, Mayor ATTEST: f,,, ��i> - � athleen M.�Swanson,�City Clerk