HomeMy WebLinkAboutCity Council Resolution 2007-400CITY OF PLYMOUTH
RESOLUTION NO. 2007-400
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL
BLACK OAKS LANE RECONSTRUCTION PROJECT
CITY PROJECT NO. 6102
WHEREAS, bids have been received for the improvement of Black Oaks Lane from
Gleason Lake Drive to approximately 1500 feet west along the Minnetonka border by the
reconstruction of streets with the installation of bituminous pavement, concrete curb and
gutter installation, storm sewer installation and repair, and all necessary appurtenances,
and the contract price for such improvement is $212,405.50 and the expenses incurred or
to be incurred in the making of said improvement amount is $76,000 so that the total cost
of the improvement will be $288,405.50.
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 $69,224.38, the City of Minnetonka will
contribute $149,956.75 and the portion of the cost to be assessed against
benefited property owners is declared to be $69,224.37.
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, 2008, and shall bear the interest rate of 5.0% 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 25, 2007.