HomeMy WebLinkAboutCity Council Resolution 1972-459r VILLAGE 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, Councilmen
ESpaeth, Seibold, Neils, and Hunt. The following members were absent: None
Councilman Spaeth introduced the following Resolution and moved its
!'adoption:
FRESOLUTION NO. 72-459
l WHEREAS, the State Legislature has established penalty rates and interest
i;charges on delinquent real estate taxes which are lower than available
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commercial lending rates, and
WHEREAS, this legislative policy makes it economically advantageous
$for certain land speculators, developers and large property owners to forego
i;payment of their property taxes in order to benefit from the interest rates
lestablished by the State Legislature, and
WHEREAS, the levy limitation imposed by the State Legislature through
lthe 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
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i' WHEREAS, the collection of special assessments are also adversely affected
11by the State Legislature's policy regarding penalty rates and interest charges,.
ijand
WHEREAS, the policy regarding penalty rates and -interest charges on
;delinquent 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
IIIIIIIVillage residents, and
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lability
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 RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE 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
jjremedied during the 1973 Legislative Session to create a policy which en-
courages the prompt payment of real estate taxes and special assessments.
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The motion for the adoption of the foregoing Resolution was duly secoried
by Councilman Seibold. and upon vote being taken thereon, the following voted
lin favor thereof: Mayor Hilde, Councilmen Spaeth, Seibold, and Neils. The
following voted against: None. Whereupon the Resolution was declared duly
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{passed and adopted.
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STATE OF MINNESOTA
;COUNTY OF HENNPIN SS.
:VILLAGE OF PLYMOUTH
I, the undersigned, being the duly qualified and acting Clerk of the
;Village of Plymouth. Minnesota, hereby certify that I have carefully compared
;the foregoing extract of the minutes of a regular meeting of the Village
Council of said Village held November 6, 1972 with the original thereof on
ffiie in my office, and the same is a full, true, and complete transcript
`i therefrom.
WITNESS,.My hand officially as such Clerk and the corporate seal of the
;!Village this 30th day of November, 1972.
1 �µu
Village Clerk
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