HomeMy WebLinkAboutCity Council Resolution 2021-063
C ITY OF P LYMOUTH
R ESOLUTION N O. 2021-063
R ESOLUTION D ECLARING C OST TO BE A SSESSED, AND O RDERING P REPARATION OF P ROPOSED
A SSESSMENT FOR THE 2021 S TREET R EHABILITATION P ROJECT (ST219002)
WHEREAS, estimated costs have been calculated for the 2021 Street Rehabilitation Project, City
Project No. ST219002 including the Deerwood Area, consisting of roadways east of Larch Lane, west of
Zachary Lane, north of Rockford Road and south of 48th Place including 43rd Avenue, 44th Avenue, 44th
Place, 45th Avenue, 46th Avenue, 46th Place, 47th Avenue, 48th Avenue, Arrowood Lane, Balsam Lane,
Cottonwood Lane, Deerwood Lane, Forestview Lane, Goldenrod Lane, Hemlock Lane, Jonquil Lane, and
Kirkwood Lane; the Fazendin Area, consisting of roadways east of Kreatz Lake, west of Dunkirk Lane,
north of Garland Lane, and south of 25th Avenue including 19th Avenue, 21st Avenue, 22nd Avenue,
23rd Avenue, 24th Avenue, Fountain Lane, Garland Lane, Holly Lane, Kimberly Lane, and Kimberly Court;
the 28th and Ranchview Area, consisting of roadways east of Vicksburg Lane and west of Niagara Lane
including 26th Avenue, 28th Avenue, Medina Road, and Ranchview Lane; and the 51st and Nathan Area,
consisting of Nathan Lane from Schmidt Lake Road to 51st Avenue and 51st Avenue from the Highway
169 Service Road to the cul-de-sac west of Nathan Lane, and the estimated cost for such improvement is
$5,023,000.00, and the expenses incurred or to be incurred in the making of such improvement amount
to $1,100,000.00 so that the total cost of the improvement will be $6,123,000.00.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA:
1. The portion of the cost of such improvement to be paid by the City of Plymouth is declared
to be $4,580,000 and the portion of the cost to be assessed against benefited property owners is
declared to be $1,543,000.
2. Assessments shall be payable in equal annual installments extending over a period of either
5 years, 10 years, or 15 years with the first of the installments to be payable on or before the first
Monday in January, 2022, and shall bear the interest rate of 1.72% percent for a 5 year term, 2.23% for a
10 year term, or 2.51% for a 15 year term per annum from the date of the adoption of the assessment
resolution.
3. The City Clerk, with the assistance of the City Engineer, shall forthwith calculate the proper
amount to be specially assessed for such improvement against every assessable lot, piece or parcel of
land within the district affected, without regard to cash valuation, as provided by the law, and shall file a
copy of such proposed assessment in the office for public inspection.
4. The Clerk shall upon completion of such proposed assessment notify the City Council
thereof.
APPROVED by the City Council on this 23rd day of February, 2021.