HomeMy WebLinkAboutCity Council Resolution 2021-073
C ITY OF P LYMOUTH
R ESOLUTION N O. 2021-073
R ESOLUTION A DOPTING A SSESSMENTS FOR
2021 S TREET R ECONSTRUCTION P ROJECT (ST219001)
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 Garland Lane
north of County Road 6, Fountain Lane north of County Road 6, 17th Avenue between Garland Lane and
Fountain Lane, Weston Lane north of County Road 6, and the streets south of County Road 6, west of
Vicksburg Lane, north of and including 13th Avenue, and east of and including Black Oaks Lane by
reconstruction of streets, installation of concrete curb and gutter, water main, and storm sewer, repairs
to the sanitary sewer, and all necessary appurtenances; and
NOW, THEREFORE, BE IT 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
accepted and shall constitute the special assessment against the lands named therein, and
each tract of land therein included is found to be benefited by the proposed improvement in
the amount of the assessment levied against it.
2. Such assessments between $0 and $5,000 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, 2023, and shall bear the interest rate of 1.72% per annum for a
5 year assessment period. Therefore, the first installment shall be added interest on the
entire assessment from November 1, 2022 until December 31, 2023. To each subsequent
installment when due shall be added interest for one year on all unpaid installments.
3. Such assessments between $5,001 and $10,000 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, 2023, and shall bear the interest rate of 2.23% per
annum for a 10 year assessment period. Therefore, the first installment shall be added
interest on the entire assessment from November 1, 2022 until December 31, 2023. To each
subsequent installment when due shall be added interest for one year on all unpaid
installments.
4. Such assessments over $10,000 shall be payable in equal annual installments extending over
a period of 15 years, the first of the installments to be payable on or before the first Monday
in January, 2023, and shall bear the interest rate of 2.51% per annum for a 15 year
assessment period. Therefore, the first installment shall be added interest on the entire
assessment from November 1, 2022 until December 31, 2023. To each subsequent
installment when due shall be added interest for one year on all unpaid installments.
5. The owner of any property so assessed may, at any time prior to certification of the
assessment to Hennepin County, pay the whole of the assessment on such property with
interest accrued to the date of payment to the City of Plymouth Finance Department, except
that no interest shall be charged if the entire assessment was paid by October 31, 2022 and
the property owner may at any time thereafter, pay the City of Plymouth Finance Division
the entire amount of the assessment remaining unpaid, with interest accrued to December
31 of the year in which such payment is made. Such payment must be made by November
15 or interest will be charged through December 31 of the next succeeding year. The owner
of any property so assessed may also, until October 31, 2022, make a partial payment of a
least $100 to the City of Plymouth Finance Division. The remaining unpaid balance will be
certified as the new assessment amount. The owner may also at any time prior to
November 15, of any year, pay the remaining unpaid principal balance with interest accrued
to November 15 of the year in which such prepayment is made.
6. The Clerk shall forthwith transmit a certified duplicate of this assessment to Hennepin
County to be extended on the property tax lists of the County. Such assessments shall be
collected and paid over in the same manner as other municipal taxes.
The total cost of the improvement assessed by this resolution is $1,323,535.39.
APPROVED by the City Council on this 23rd day of February, 2021.
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS.
The undersigned, being the duly qualified and appointed City Clerk of the City of Plymouth, Minnesota,
certifies that I compared the foregoing resolution adopted at a meeting of the Plymouth City Council on
February 11, 2020 with the original thereof on file in my office, and the same is a correct transcription
thereof.
WITNESS my hand officially as such City Clerk and the Corporate seal of the City this ___________day of
__________________, __________.
____________________________________
City Clerk