06-089
CITY OF SHOREWOOD
RESOLUTION NO. 06- 089
A RESOLUTION ADOPTING ASSESSMENT
WATERMAIN INSTALLATION AS PART OF WEDGEWOOD DRIVE,
MALLARD LANE AND TEAL CIRCLE
ROAD RECLAMATION PROJECT
CITY PROJECT 02-02
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 assessment for the improvement of watermain
installation as part of the Wedgewood Drive, Teal Circle and Mallard Lane Road Reclamation project by
the City of Shorewood.
NOW, THEREFORE BE IT RESOLVED that the City Council of Shorewood, Minnesota:
1. 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.
2. Such assessment shall be payable in equal annual installments extending over a period of 15 years, the
first of the installments to be payable on or before the first Monday in January 2007, and shall bear
interest at the rate of 6.5 percent per annum from the date of the adoption of the assessment resolution.
To the first installment shall be added interest on the entire assessment from the date of this resolution
until December 31,2007. To each subsequent installment when due shall be added interest for one year
on all unpaid installments.
3. The owner of any property so assessed may, at any time prior to certification of the assessment to the
county auditor, pay the whole of the assessment on such property, with interest accrued to the date of
payment, to the City of Shorewood, except that no interest shall be charged if the entire assessment is
paid within 30 days from the adoption of the assessment. He may at any time thereafter, pay to the City
of Shorewood the entire amount of the assessment remaining unpaid, with interest accrued to December
31 of the year in which such payment is made. Such payment must be made before November 15 or
interest will be charged through December 31 of the succeeding year.
4. The clerk shall forthwith transmit a certified duplicate of this assessment to the county auditor to be
extended on the property tax lists of the county. Such assessment shall be collected and paid over in the
same manner as the other municipal taxes.
ADOPTED BY THE CITY COUNCIL of the City of
rewood this 13th day of November,
2006.
ATTEST:
WOODY LOVE, MAYOR
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