HomeMy WebLinkAboutCity Council Resolution 2019-139
C ITY OF P LYMOUTH
R ESOLUTION N O. 2019-139
R ESOLUTION D ECLARING C OST TO BE A SSESSED, AND
O RDERING P REPARATION OF P ROPOSED A SSESSMENT FOR THE
2019 M ILL AND O VERLAY P ROJECT (ST199004)
WHEREAS, estimated costs have been calculated for the 2019 Mill and Overlay Project
(ST199004) including the streets south of 36th Avenue, east of and including East Medicine Lake Blvd,
west of State Highway 169, and north of 13th Avenue, excluding South Shore Drive, 17th Avenue, 24th
Avenue, Kilmer Lane between 24th Avenue and 28th Avenue, Pilgrim Lane between 26th Avenue and
28th Avenue, Nathan Lane between 26th Avenue and 28th Avenue, Lancaster Lane immediately south
of 28th Avenue, 27th Avenue adjacent to Kilmer Lane, 28th Avenue between Pilgrim Lane and 275 feet
east of Kilmer Lane, East Medicine Lake Boulevard from 700 north of 30th Avenue to 250 feet south of
30th Avenue, 30th Avenue east of East Medicine Lake Boulevard, 32nd Avenue from East Medicine Lake
Boulevard to 200 feet east of Saratoga Lane, Saratoga Lane 200 feet north of 32nd Avenue, and
Wellington Lane and 35th Place south of 36th Avenue. The streets west of Peony Lane, north of Old
Rockford Road, east of Vagabond Lane, south of and including 48th Avenue, 39th Place west of County
Road 101, Zircon Lane south of County Road 6, 12th Avenue east of Ferndale Lane, Ranchview Lane
between 9th Avenue and the City border with Minnetonka, Quantico Lane south of Gleason Lake Drive,
Orchid Lane immediately north and south of Gleason Lake Drive, Xenium Lane between Rockford Road
and Northwest Boulevard, and 42nd Place and Magnolia Place west of Magnolia Lane. Also included are
the streets immediately north of and including 18th Avenue between West Medicine Lake Drive and
State Highway 55 with the exception of Forestview Lane and Oakview Lane, and the estimated cost for
such improvement is $3,907,217.36, and the expenses incurred or to be incurred in the making of such
improvement amount to $341,739.72 so that the total cost of the improvement will be $4,248,957.08.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA:
1. The portion of the cost of such improvement to be paid by the City of Plymouth is declared
to be $3,178,313.79 and the portion of the cost to be assessed against benefited property
owners is declared to be $1,070,643.29.
2. Assessments shall be payable in equal annual installments extending over a period of either
5 years, 10 years, or 15 years with the first of the installments to be payable on or before
the first Monday in January, 2020, and shall bear the interest rate of 3.33% percent for a 5
year term, 3.70% for a 10 year term, or 4.08% for a 15 year term per annum from the date
of the adoption of the assessment resolution.
3. The City Clerk, with the assistance of the City Engineer, shall forthwith calculate the proper
amount to be specially assessed for such improvement against every assessable lot, piece or
parcel of land within the district affected, without regard to cash valuation, as provided by
the law, and shall file a copy of such proposed assessment in the office for public inspection.
4. The City Clerk shall upon completion of such proposed assessment notify the City Council
thereof.
APPROVED by the City Council on this 14th day of May, 2019.