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HomeMy WebLinkAboutCity Council Resolution 1980-478CYIY OF PLYIr OM Pursuant to due call and notice thereof, a s ectal meeting of the City Council of the City of Plymouth, Minnesota, was held on the 28th day of — July , 1980 . Mile follows .=mw kers were present: yor Hunt, •f* •*s Councilmember Hot introduced the following Resolution and moved its adoption: RESOLUTION NO. 80 -478 ADOPTING ASSESSMENTS PROJECT 832 - SCHMIDT LAKE HILLS •ea 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 assessments for the following improvement: 46th Avenue north from the western boundary line of Schmidt Lake Hills east to its terminous; Oakview Lane from 46th Avenue south; Norwood Lane from 46th Avenue south to 45th Avenue north; Magnolia Lane from 46th Avenue south to 45th Avenue north; 45th Place from Magnolia Lane east; and 45th Avenue from Norwood Lane east to Larch Lane by the installation of sanitary sewer, watermain, storm sewer and 7 -ton bituminous streets with concrete curb and gutter and all necessary appurtenances. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA: I. 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 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 5 years, the first of the installments to be payable on or before the first Monday in January, 1981, 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, 1981. 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 there- after, pay 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. r Resolution No. 80478 page 2 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: Water Lateral $ 74,285.13 Sanitary Sewer 82,444.24 Storm Sewer 47,068.43 Street 175,937.41 $379,735.21 6. The total cost to be financed by the City is: $ 0.00 The notion for the adoption of the foregoing Resolution was duly seconded by' Councilmember Schneider , and upon rote being taken thereon, the roijowing voted n favor reo aYor Hunt, CouncilmemberS Davenport. Hoyt and Schneider Die - following rot against or a tta nt Mhereupan the Resoluttion was declared d None r passed and adopted.