HomeMy WebLinkAboutCity Council Resolution 2020-059
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-059
R ESOLUTION D ECLARING C OST TO BE A SSESSED, AND O RDERING P REPARATION OF
P ROPOSED A SSESSMENT FOR THE 2020 S TREET R ECONSTRUCTION P ROJECT
C ITY P ROJECT N O. ST209001
WHEREAS, estimated costs have been calculated for the 2020 Street
Reconstruction Project, City Project No. ST209001 including 15th Avenue from
Rosewood Lane to the Highway 55 Frontage Road, Pineview Lane from a point 180 feet
north of 13th Avenue to 15th Avenue, Oakview Lane from 15th Avenue to 11th Avenue,
12th Avenue from Oakview Lane to Kirkwood Lane, 11th Avenue from Pineview Lane to
Magnolia Lane, Magnolia Lane from 11th Avenue to 12th Avenue, Kirkwood Lane from
the Highway 55 Frontage Road to Magnolia Lane, Highway 55 Frontage Road from 15th
Avenue to Cottonwood Lane, Ives Lane south of the Highway 55 Frontage Road,
Forestview Lane south of the Highway 55 Frontage Road, Cottonwood Lane south of the
Highway 55 Frontage Road, 32nd Avenue from East Medicine Lake Boulevard to a point
205 feet east of Saratoga Lane, Saratoga Lan from 32nd Avenue to a point 150 feet
south, Union Terrace south of 32nd Avenue, East Medicine Lake Boulevard from the
driveway entrance to 3110 East Medicine Lake Boulevard to Medicine Ridge Road, 30th
Avenue east of East Medicine Lake Boulevard, 24th Avenue from Lancaster Lane to
Kilmer Lane, 17th Avenue west of Kilmer Lane, and Nathan Lane south of 10th Avenue,
and the estimated cost for such improvement is $11,183,744.00, and the expenses
incurred or to be incurred in the making of such improvement amount to $1,525,056.00
so that the total cost of the improvement will be $12,708,800.
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 $9,559,500.00 and the portion of the cost to be assessed
against benefited property owners is declared to be $3,149,300.00.
2. Assessments shall be payable in equal annual installments extending over a
period of either 5, 10, or 15 years with the first of the installments to be payable on or
before the first Monday in January, 2021, and shall bear the interest rate of 2.67%
percent for a 5 year term, 3.00% for a 10 year term, or 3.23% 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 Clerk shall upon completion of such proposed assessment notify the
City Council thereof.
APPROVED by the City Council on this 11th day of February, 2020.