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HomeMy WebLinkAboutCity Council Resolution 1975-544W CITY OF PLYMOUTH Pursuant to due call and notice thereof, a s ecial meeting of the City Council of the City of Plymouth. Minnesota, was held on the 29th day of Spntamhar , 1975 . The following members were present:. Councilman Hunt introduced the following Resolution and moved - its adoption: RESOLUTION NO. 75-544 ADOPTING ASSESSMENT PRDJECT NO. 404 NATHAN LANE COMMERCIAL -INDUSTRIAL WHEREAS, pursuant to proper notice duly given as required by law, the Council has met and heard and passed upon a1f objections to the proposed assessment for the improvement of Nathan Lane between 10th Avenue and 13th Avenue by the construction of nine ton bituminous streets with concrete curb and gutter, storm sewer facilities, and all necessa appurtenances, and has amended such proposed assessment as it deems just, NOW THEREFORE,BE IT HEREBY 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 assessment 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, 1976 and shall bear interest at the rate of 8% per annom'from the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31,` 1975. To each subsequent installment when due shall be added interest for -one year on all unpaid installments. 3. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Finance Director, pay the whole of the assessment on ,such property, with interest accrued to the date of payment, to the City Finance Director except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution, and he may, at any time thereafter, pay to the County Finance Director the entire amount of the assessment remaining unpaid, with interest accrued to December 31, of the year in which such payment is made. 4. The Clerk shall forthwith transmit a certified duplicate of this assessment to the County Finance Director to be extended on the proper tax lists of the County and such assessments shall be collected and paid over in the same manner as other municipal taxes. 5. The total cost of the improvement assessed by this resolution is $117,029.13. 0 RESOLUTION NO. 75-544 Page 2 The motion for the adoption of the foregoing Resolution was duly seconded by Councilman Neils , and upon vote being taken thereon, the following voted in favor t ereo : Mayor Hilde, Councilmen Hunt, Neils and Spaeth The following voted against ora sta m none Whereupon the Resolution was declared duly passed and adopted.