2009-064RESOLUTION APPROVING THE TERMINATION OF THE DEFERRAL OF SPECIAL
ASSESSMENT FOR 143 20 AVENUE N
CITY PROJECT 03 -10
WHEREAS, the City Council approved the special assessment deferment for the property located
at 143 20 Avenue N on May 4, 2004, City Project 03 -10 Street Improvements.
WHEREAS, the property owner has passed away and the deferment shall be terminated as stated in
City Code 703.05 and certified to the County Auditor the amount of the deferred assessment including
interest to be inserted on the tax rolls and collected in the period of time remaining in the original
assessment.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
HOPKINS, MINNESOTA:
1. Such deferred assessment, as may be amended and a copy of which is attached hereto and made
a part hereof, is hereby accepted and shall constitute the special assessment against the land
named herein, and such tract of land therein included is hereby found to be benefited by the
proposed improvement in the amount of the assessment levied against it.
2. Such deferred assessment shall be payable in equal annual installments extending over the
remaining five years of the term, the first of the installments to be payable on or after the first
Monday in January 2010, and shall bear interest at the rate of 7 percent per annum. To the first
installment shall be added interest on the entire assessment from January 1, 2010, until
December 31, 2010. To each subsequent installment when due shall be added interest from one
year on all unpaid installments.
3. The clerk shall forthwith transmit a certified duplicate of the assessment to the County Auditor
to be extended on the property tax lists of the County, and such assessment shall be collected
and paid over in the same manner as other municipal taxes.
Adopted by the City Council this 1 day of December, 2009.
ATT
y bed, aier, City Clerk
CITY OF HOPKINS
HENNEPIN COUNTY
RESOLUTION 2009 -064
,L
Eu en . Ma
g ell, Mayor