HomeMy WebLinkAboutCity Council Resolution 1972-412VILLAGE OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the Village
Council of the Village of Plymouth, Minnesota was held on the 6th day of
November, 1972. The following members were present: Mayor Hilde, Councilman
Spaeth, Hunt, Seibold and Neils. The following members were absent: None.
Councilman Hunt introduced the following Resolution and moved its
adoption:
RESOLUTION NO. 72-412
WHEREAS, the State Legislature has established penalty rates and interest
charges on delinquent real estate taxes which are lower than available commer-
cial lending rates, and
WHEREAS, this legislative policy makes it economically advantageous for
certain land speculators, developers and large property owners to forego
payment of their property taxes in order to benefit from the interest rates
established by the State Legislature, and
WHEREAS, the levy limitation imposed by the State Legislature through the
1971 Omnibus Tax Bill adversely affect the Village of Plymouth's ability to
meet the needs of its rapidly growing population thus making it critical that
all monies levied be collected as they become due, and
WHEREAS, the collection of special assessments are also adversely affected
by the State Legislature's policy regarding penalty rates and interest
charges, and
WHEREAS, the policy regarding penalty rates and interest charges on de-
linquent real estate taxes has encouraged the withholding of tax monies which
necessitates that the Village of Plymouth either borrow additional monies
and/or cause a reduction in the level of municipal services received by
Village residents, and
WHEREAS, special assessment delinquencies adversely affect the Village's
ability to meet debt redemption schedules resulting in increased interest
charges the burden of which accrues to all Village residents;
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Village Council of the Vill
of Plymouth that the Village requests that the State Legislature initiate an
immediate review of its policy regarding penalty rates and interest charges
on delinquent non -homestead real estate taxes so that deficiencies can be
remedied during the 1973 Legislative Session to create a policy which
encourages the prompt payment of real estate taxes and special assessments.
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilman Neils, and upon vote being taken thereon, the following voted
;lin favor thereof: Mayor Hilde, Councilmen Spaeth, Hunt, Seibold and Neils.
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The following voted against: None. Whereupon the Resolution was declared
Ciduly passed and adopted.
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