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2001-69.DOC CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: October 22~ 2001 RESOLUTION NO: 2001-69 MOTION BY: Labatt SECONDED BY: Boyle A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR CENTURY BOULEVARD STREET AND UTILITY IMPROVEMENT PROJECT NO. 97-1C WHEREAS, pursuant to proper notice duly given as required by law, the Council has met and heard no objections to the proposed assessment for Street and Utility Improvements for Century Boulevard Project No. 97-1C; and NOW, THEREFORE, BE IT RESOLVED by the City Council of Chanhassen, Minnesota: Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against Such assessment shall be payable in equal annual principal installments extending over a period of eight (8) years and shall bear interest at the rate of eight percent (8%) per annum from the date of the adoption of this assessment resolution. To the first installment, due in 2002, shall be added the interest on the entire assessment from the date of this resolution until December 31, 2001. To each subsequent installment when due shall be added interest for one year on all unpaid installments. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole or partial payment of the assessment on such property with no interest charged if paid within 30 days from the adoption of this resolution; and they may, at any time thereafter, pay to the city treasurer the entire principal balance of the assessment remaining unpaid. As such payments are made, current annual amounts certified at the county shall remain payable as part of the property tax process. 4. The clerk shall forthwith transmit a certified duplicate of this assessment to the county auditor to be extended on the proper tax lists of the county, and such assessment shall be collected and paid in the same manner as other municipal taxes. BE IT FURTHER RESOLVED that the Chanhassen City Council hereby adopts the assessment roll for Century Boulevard Project No. 97-1C dated October 2, 2001 with the interest rate and term to be 8% and 8 years respectively. Passed and adopted by the Chanhassen City Council this 22nd day of October, 2001. ATTEST: Todd Gerhardt, City Manager YES Jansen Ayotte Boyle Labatt Linda C. Jansen, Mayor NO None ABSENT Peterson