HomeMy WebLinkAboutCity Council Resolution 2020-170
C ITY OF P LYMOUTH
R ESOLUTION N O. 2020-170
R ESOLUTION A DOPTING A SSESSMENTS FOR THE
2020 S TREET R ECONSTRUCTION P ROJECT (ST209001)
Whereas, pursuant to proper notice duly given as required by law, the Council
has met and heard and passed upon all objections to the proposed assessment for the
improvement of 15th Avenue from Rosewood Lane to the Highway 55 Frontage Road,
Pineview Lane from a point 180 feet north of 13th Avenue to 15 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 Lane
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 by reconstruction of streets, installation of concrete
curb and gutter, water main, and storm sewer, repairs to the sanitary sewer, and all
necessary appurtenances; and
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA:
1. Such proposed assessment, a copy of which is attached hereto and made a
part hereof, is hereby accepted and shall constitute the special assessment
against the lands named therein, and each tract of land therein included is
hereby found to be benefited by the proposed improvement in the amount
of the assessment levied against it.
2. Such assessments between $0 and $5,000 shall be payable in equal annual
installments extending over a period of 5 years, the first of the installments
to be payable on or before the first Monday in January, 2022, and shall bear
the interest rate of 2.67% per annum for a 5 year assessment period.
Therefore, the first installment shall be added interest on the entire
assessment from November 1, 2021 until December 31, 2022. To each
subsequent installment when due shall be added interest for one year on all
unpaid installments.
3. Such assessments between $5,001 and $10,000 shall be payable in equal
annual installments extending over a period of 10 years, the first of the
installments to be payable on or before the first Monday in January, 2022,
and shall bear the interest rate of 3.00% per annum for a 10 year
assessment period. Therefore, the first installment shall be added interest
on the entire assessment from November 1, 2021 until December 31, 2022.
To each subsequent installment when due shall be added interest for one
year on all unpaid installments.
4. Such assessments over $10,000 shall be payable in equal annual
installments extending over a period of 15 years, the first of the installments
to be payable on or before the first Monday in January, 2022, and shall bear
the interest rate of 3.23% per annum for a 15 year assessment period.
Therefore, the first installment shall be added interest on the entire
assessment from November 1, 2021 until December 31, 2022. To each
subsequent installment when due shall be added interest for one year on all
unpaid installments.
5. The owner of any property so assessed may, at any time prior to
certification of the assessment to Hennepin County, pay the whole of the
assessment on such property with interest accrued to the date of payment
to the City of Plymouth Finance Division, except that no interest shall be
charged if the entire assessment was paid by October 31, 2021 and the
property owner may at any time thereafter, pay the City of Plymouth
Finance Division the entire amount of the assessment remaining unpaid,
with interest accrued to December 31 of the year in which such payment is
made. Such payment must be made by November 15 or interest will be
charged through December 31 of the next succeeding year. The owner of
any property so assessed may also, until October 31, 2021, make a partial
payment of a least $100 to the City of Plymouth Finance Department. The
remaining unpaid balance will be certified as the new assessment amount.
The owner may also at any time prior to November 15, of any year, pay the
remaining unpaid principal balance with interest accrued to November 15 of
the year in which such prepayment is made.
6. The Clerk shall forthwith transmit a certified duplicate of this assessment to
Hennepin County to be extended on the property tax lists of the County.
Such assessments shall be collected and paid over in the same manner as
other municipal taxes.
The total cost of the improvement assessed by this resolution is $2,085,380.61.
APPROVED by the City Council on this 26th day of May, 2020.
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS.
The undersigned, being the duly qualified and appointed City Clerk of the City of Plymouth,
Minnesota, certifies that I compared the foregoing resolution adopted at a meeting of the
Plymouth City Council on May 26, 2020 with the original thereof on file in my office, and the
same is a correct transcription thereof.
WITNESS my hand officially as such City Clerk and the Corporate seal of the City this
___________day of __________________, __________.
____________________________________
City Clerk