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CCR1992244COMMON COUNCIL - CITY OF MUSKEG0 RESOLUTION #244-92 DEFERRING PAYMENT OF SPECIAL ASSESSMENTS (Lowe and Schmidt) WHEREAS, the Common Council of the City of Muskego has previously adopted Resolution #176-86 deferring the special assessments of the Merle and Rufus Lowe, Jr. Property (Tax Key #2229.992.001) and the Lawrence Schmidt Property (Tax Key #2229.990.000); and WHEREAS, the deferral period for said assessment expired on the 12th day of August, 1991; and WHEREAS, the property owners wish to defer said assessments and deferral policy of the City as adopted in Resolutions #175-86 the interest due at the end of said deferral period under the as amended, #266-86 as amended, #68-89 as amended, and #186-89, except as said policy may be varied by this Resolution; and WHEREAS the Public Utilities Committee has recommended re-deferral of these assessments for an additional five years. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Muskego, at the request of Rufus Lowe, Jr. and Lawrence Committee, as follows: Schmidt, and upon the recommendation of the Public Utilities 0 1. 2. 3. That the assessments deferred by Resolution #176-86 and interest due thereon is deferred for five (5) years from August 12, 1991, but only pursuant to the terms and conditions of Resolutions #175-86 as amended, #266-86 as amended, #68-89 as amended, and #186-89, unless specifically amended by this Resolution. As to the Lowe property, Key #2229.992.001, that interest balance of $3,159.94 from August 12, 1986 until the entire shall be charged at the rate of 8% per annum on the unpaid assessment is paid in full with total principal and interest due as of September 22, 1992 of $4,650.41. As to the Schmidt property, Key #2229.990.000, that interest shall be charged at the rate of 8% per annum on the unpaid balance of $2,473.84 from August 12, 1986 until the entire assessment is paid in full with total principal and interest due as of September 22, 1992 of $3,639.39. Resolution #244-92 BE IT FURTHER RESOLVED that this Resolution is subject to the approval of the City Attorney. DATED THIS 22ND DAY OF SEPTEMBER , 1992. SPONSORED BY: PUBLIC UTILITIES COMMITTEE Ald. David J. Sanders Ald. William H. Schneider Ald. Brian R. Misko This is to certify that this is a true and accurate copy of Resolution #244-92 which was adopted by the Common Council of the City of Muskego. d. Wid- City’ Clerk 9/92jmb