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2001-80.DOC CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA Date: Motion By: November 26, 2001 Resolution: 2001-80 Peterson Seconded By: Boyle RESOLUTION ADOPTING ASSESSMENTS FOR TRUNK HIGHWAY 5/W. 78TM STREET WATERMAIN CITY PROJECT NO. 97-6 WHEREAS, pursuant to proper notice duly given as required by law, the Council has met and heard and passed upon all objections to the proposed assessments for extension of watermain as part of the Trunk Highway 5/W. 78th Street Improvement done by Mn/DOT, City Project 97-6. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City 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 it. ° Such assessment shall be payable in equal annual installments extending over a period of 8 years, the first of the installments to be payable on or before the first Monday in January, 2002, and shall bear interest at the rate of 6.5% per annum from the date of adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2002. To each subsequent installment when due shall be added interest for one year on all unpaid installments. Except those assessments noted as deferred on the attached assessment roll for Green Acres. Those assessments shall be deferred until a change in status, however, interest shall continue to accrue at 6.5% during the time of deferment. o The owner of any property so assessed may, at any time prior to certification of the assessment to the County Finance Director, pay the whole of the assessment on such property with interest accrued to the date of payment to the City Finance Director, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution and the owner may at any time thereafter pay the City Finance Director the entire amount of the assessment remaining unpaid with interest accrued to December 31 of the year in which such payment is made. Such 97151.Ol l RNK: 10/31/2001 o payment must be made before November 30 or interest will be charged through December 31 of the next succeeding year. The Clerk shall forthwith transmit a certified duplicate of this assessment to the County to be extended on the proper tax lists of the County and such assessments shall be collected and paid over in the same manner as other municipal taxes. The total cost of the improvement assessed by this resolution is $1,276,795.25. ADOPTED this 26th day of November, by the City Council of the City of Chanhassen, Minnesota. ATTEST: Todd Gerhardt, Clerk/Manager Linda C. Jansen, Mayor YES NO ABSENT Jansen None Labatt Boyle Peterson Ayotte 97151.Ol 2 RNK: 10/31/2001