HomeMy WebLinkAbout1998-04-01 PACKET 04.N.��U��T OF CITY COUNCIL ACTiON
COUNCIL qGEPldA
MEETiNG ITEM #
DATE 4/1/___ , �L.¢�
PREP_� qREp
Finance Liz Johnson
ORIGIfVqT�M1lG DEPARTMENT STAFF AUTHOR
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COUNCIL ACTION REQUEST:
Adopt resolution approving abatement for current principal on a special assessment certified to
Washington County in error. This is merely a correction and daes not impact the amount we
wiii be receiving in principal or interest in future years.
BUDGET IMPLICATION: $
BUDGE7ED AMOUNT
ADVISORY COMMISSION ACTION:
❑ PLANNING
❑ PUBUC SAFETY
❑ PUBLIC WORKS
❑ PARKS AND RECREATION
❑ HUMAN SERVICES/RIGHTS
� ECONOMIC DEV. AUTHORITY
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ACTUA� NT FUNDING SOURCE
REVIEWED
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APPROVED
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DENIED
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City Admon�stra4or p���
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RESOL.UTION NO. 98-
AUTHORIZING ABATEMENT OF CURRENT PRINCIPAL
ON SPECtA� ASSESSMENTS FOR PAYABLE YEAR 1998
WHEREAS, The City Council of the City of Cottage Grove on September
17, 1997 on R97-172 adopted assessments for 90` Street Storm Sewer
improvements for the foliowing parcels:
16-027-21-43-0006 $10,526.58
21-027-21-12-0025 10, 526.58
21-027-21-12-0005 10,526.58
for a total cost of $31,579.74 payable over a 10 year term at 7% interesf. The 10-
year term results in a current principal payment of $1,052.66
WHEREAS, the term of the assessment was certified to Washington
County Auditor-Treasurer in error for a 3 year term, which results in a current
principal payment of $3,508.86,
NOW THEREFORE BE IT RESOLVED, to abate current principal in the
amount of $2,456.20 per each parcel as stated above for taxes payable in 1998.
Passed this 1st day of April, 1998.
John D. Denzer, Mayor
Attest:
Caron M. Stransky, City Clerk