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Res 1985 - 59 Deferring Payment of a Portion of AssessmentsCity of Mendota Heights Dakota County, Minnesota RESOLUTION NO. 85- 59 RESOLUTION DEFERRING PAYMENT OF A PORTION OF ASSESSMENTS (IMPROVEMENT NO. 83, PROJECT NO. 4) WHEREAS, the City Clerk, with the assistance of the City Engineer, has calculated the proper amount to be specially assessed for Improvement No. 83, Project No. 4, construction of sanitary sewer, storm sewer, water, street and curb and gutter improvements; and WHEREAS, the hearing on said assessments was duly held at 7:45 o'clock P.M. on August 20, 1985, 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 August 20, 1985; 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: Parcel Tax Parcel Aud. Sub. No. 2 27 -03700 - Pt of Lot 1 Lying 040-01 S & SE of Line Beg 135 Ft. S of NE Cor W 90 Ft. S 30D W 170 Ft. W 260 Ft. S. 45D W 300 Ft. to W. Ex. E. 1/2 'of S. 198 Ft. Aud. Sub No. 2 od9f Lot Ft 1 of E 1/2 Aud. Sub. No. 3 West 1 Acre of Lot 36 27-03700- 050-01 27-03800- 060-36 Owners Deferred Lawrence $40,435.97 Shaughnessy LeRoy M. & Shirley Hanson Virgil & C. Christofferson $ 8,508.64 $14,689.53 WHEREAS, that portion of each of the above assessments indicated above as being deferred would be deferred with the understanding that said amount, plus interest accrued from August 20, 1985 at the rate of ten percent (10%) per annum, would become immediately payable upon the future development of the 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. 83, Project No. 4, be corrected as set forth above.