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99-91 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: October 25~ 1999 RESOLUTION NO: 99-91 MOTION BY: Senn SECONDED BY: Jansen A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR STONE CREEK DRIVE IMPROVEMENTS, PROJECT NO. 98-15 WHEREAS, pursuant to proper notice duly given as required by law, the Council has met and heard no objections to the proposed assessment for Stone Creek Drive Improvements (North of Coulter Boulevard) - Project No. 98-15; and WHEREAS, this assessment is for properties in the N lA Section 15, T116, R23, which include: PID 25-1210010, BluffCreek Corporate Center Outlot A PID 25-1210030, BluffCreek Corporate Center Outlot C 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 it. 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 2000, shall be added the interest on the entire assessment from the date of this resolution until December 31, 1999. 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 Stone Creek Drive Improvements (North of Coulter Boulevard), Project No. 98-15 dated September 29, 1999 with the interest rate and term to be 8% and 8 years respectively. Passed and adopted by the Chanhassen City Council this 25th day of October, 1999. ATTEST: Scott A. Botcher, City Manager Nancy K. Mancino, Mayor YES Mancino Engel Labatt Jansen Senn NO ABSENT None None