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HomeMy WebLinkAboutCity Council Resolution 1976-466W CITY OF PLYt;OUTH Put :Jbnt to due call and notice thereof, a - special meeting of the City Council of the City of Plywouth, Hinneso_a,s- as hei owe 3rd __ day of August , 19]fa_ . The folio -,ring m„errbers were presen�:,,_ Mav Councilman Hunter Nails and Spaeth The fo owing r,errbers vrere absent: councilman Seibold Councilman Spaeth introduced the following Resolution and moved is aJoption. RESOLUTION NO. 76-466 ADOPTING ASSESSMENT PROJECT NO. 501 FERNBROOK LANE 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 Fernbrook Lane between T.H. 55 and approximately 1,000 feet north (north line of Lot 1, Block 2, Fox Meadows First Addition) by the construction of a 9 ton bituminous street with concrete curb and gutter, drainage structures and all necessary appu,tenances, 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 ten years, the first of the installments to be payable on or before the first Monday in January, 1977 and shall bear interest at the rate of 8% per annum from the date of adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resoltLtion until December 31, 1976. 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 Treasurer, 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 is $86,014.00. The total amount assessed by this resolution is $78,960.00. The total to be financed by the City from MSA account is $7,054.00. 0 • Resolution No. 76-466 Page 2 The motion for the adoption of the foregoing Resolution was duly seconded by Councilman Hunt , and upon vote being taken thereon, the following voted in favor thereof: Mayor Hilde, Councilmen Hunt, Neils and Spaeth The following voted against or abstained: None Whereupon the Resolution was declared duly passed and adopted.