HomeMy WebLinkAboutCity Council Resolution 1978-633W W
CITY OF PLYMATtIi
Pursuant to ,_.* cq.El and notice thereof, a re ular meeting of the City
Council of the City of Plymouth, Minnesota. held on the 2nd day of
October , 19 78 The following members were present: Mayor Hunt.
o�unciTmembeers Hoyt, Neils, Seibold and Spaeth
were
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nynri)mL- Pr Neils introduced the following Resolution and moved
_its addoopption:
RESOLUTION NO. 78- 633
ADOPTING ASSESSMENT
PROJECT NO. 506
T.H. 101/COUNTY ROAD 6
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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 T.H. 101 between TH. 12 and approximately 1000 feet north of County
Road 6 as well as the intersection of County Road 6 and T.H. 101 by the installation
of sanitary sewer, watermain, storm sewer, 9 -ton bituminous street with concrete
curb and gutter, sidewalks and traffic signal instnllation with all necessary appurt-
enances,
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNEOSTA:
1. Such proposed assessment, a cfjpy of whibh is attached hereto and made a part
hereof, is hereby accepted and shall constitute the special assessment against the
lands named therein add 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 10 years, the first of the installments to be payable on or before the
first Monday in January, 1979 and shall bear interest at the rate of 8% per annum
from the date of the adoption of this assessment resolution. To the first in-
stallment shall be added interest on the entire assessment from the date of this
Resolution until December 31, 1979. 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, pa;� 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 City 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 colleotdd and paid over in the same manner as other
municipal taxes.
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Resolution N 78-633
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S. The total cost of the improvement assessed by this Resolution is :459,677.93.
6. The total cost to be financed by the City is $1,380,128.07 which is to be
obtained as follows:
M.S.A. Fund $ 301,232.07
Hennepin County $ 84,213.00
F.A.U. $ 979,683.00
City of Wayzata $ 15,000.00
The motion for the adoption of the foregoing Resolution was duly seconded
by Councilmember Seibold , and upon vote bein taken thereon the
following vat in aver thereof- Mayor Hunt, Cound members Hoyt, Neils,
SeiboTd and Spaeth
The following voted against or a stauieu; riond
Whereupon the Resolution was declared duly pass adopted.
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