HomeMy WebLinkAboutCity Council Resolution 2008-288CITY OF PLYMOUTH
RESOLUTION NO. 2008-288
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL
2008 MILL AND OVERLAY PROJECT
CITY PROJECT NO. 8109
WHEREAS, bids have been received for the improvement of Niagara Lane from State
Highway 55 to County Road No. 6, by bituminous resurfacing of the street, replacement
of concrete curb and gutter, driveway entrances, traffic signal loop detectors and all
necessary appurtenances, and the contract price for such improvement is $384,625 and
the expenses incurred or to be incurred in the making of said improvement amount is
$58,034.95 so that the total cost of the improvement will be $442,659.95.
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 hereby declared to be $318,715.15 and the portion of the cost to
be assessed against benefited property owners is declared to be $123,944.80.
2. Assessments 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, 2009, and shall bear the interest rate of 4.21%
percent 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.
Adopted by the City Council on September 23, 2008.
C \Document, and Settnig, ,eng(kdd Local Settuig, TeupCCR 2008-288_1 Asa CCR 2008-288 doe