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Home My WebLink About2002-118 CCRMember Kay Lasman introduced the following resolution and moved this adoption: RESOLUTION NO. 2002-118 RESOLUTION DEFERRING SPECIAL ASSESSMENTS FOR CITY PROJECTS 2002-05 AND 2002-06 AGAINST CERTAIN UNIMPROVED PROPERTY WHEREAS, the City has levied special assessments for Improvement Projects 2002-05 and 2002-06, street and storm drainage improvements, against benefited property; and WHEREAS, Minnesota Statutes, Section 429.061, subd. 2 authorizes the City to defer such assessments against unimproved property; and WHEREAS, the Council has determined that it is reasonable and appropriate to defer assessments against property designated as Hennepin County Property I.D. No. 02-118-21-22- 0076 as provided below. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center as follows: 1. Special assessments for street and storm drainage projects designated as City Project Nos. 2002-05 and 2002-06 against Hennepin County Property I.D. No. 02-118-21-22- 0076 (the "Subject Property") in the total principal amount of $3190.00 is deferred until the first to occur of any of the following: a. The sale of the Subject Parcel; b. The issuance of a building permit for construction on the Subject Parcel; C. The replatting or division of the Subject Parcel or the combination of any part of the Subject Parcel with other property; or d. The date 30 years from the date of this resolution. Whereupon said special assessment, together with accrued interest, shall be due and payable. 2. Interest on the principal amount stated in paragraph 1 will accrue at the rate of 6.5 percent per annum until paid. Date: September 9, 2002 Q Mayor ~ ATTEST: r~l City Clerk The motion for the adoption of the foregoing resolution was duly seconded by member Ed Nelson and upon vote being taken thereon, the following voted in favor thereof: Myrna Kragness, Kay Lasman, Ed Nelson, Bob Peppe, and Tim Ricker; The following voted against the same: n o n e ; Whereupon said resolution was declared duly passed and adopted.