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HomeMy WebLinkAboutCity Council Resolution 1976-5660 • CITY OF PLYMOUTH 1bPursuant to due call and notice thereof, a special meeting of the City Council of the City of Plymouth, Minnesota, was -held 27th day of September , 19 76 . The following members were present: _ �Ma o rr Hiide, Councilmen Hunt, Neils, Seibold and Spaeth The following nme ers were a sent: None Councilman Hunt introduced the following Resolution and moved is adoption: RESOLUTION.NO. 76- 566 ADOPTING ASSESSMENT ROLL PROJECT NO. 603 NATHAN LANE FROM 45TH TO 49TH AVENUE 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 Nathan Lane between 45th Avenue and 49th Avenue by the! construction of rural section bituminous street and all necessary appurtenances, 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 benefitted by the roposed 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 5 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 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, 1976. To each subsequent instaIllment when due shall be added interest for one year on all unpaid installments. The owner of any property so assessed may, at any time prior to the 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 assessed by this resolution is $ 25,006.00