HomeMy WebLinkAboutCity Council Resolution 2007-403CITY OF PLYMOUTH
RESOLUTION NO. 2007-403
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL
2007 STREET RECONSTRUCTION PROJECT
CITY PROJECT NO. 7107
WHEREAS, bids have been received for the improvement of located south of County
Road 6 to, and including 9t1' Avenue, from County Road 101 to, and including Dunkirk
Lane and 14th Avenue, east of Dunkirk Lane by reconstruction of streets with the
installation of bituminous pavement, concrete curb and gutter installation and repair,
storm sewer installation and repair, and all necessary appurtenances, and the contract
price for such improvement is $3,396,000 and the expenses incurred or to be incurred in
the making of said improvement amount is $849,000 so that the total cost of the
improvement will be $4,245,000.
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 $1,985,000 and the portion of the cost to be
assessed against benefited property owners is declared to be $2,260,000.
2. Assessments shall be payable in equal annual installments extending over a
period of either 5 years or 10 years, the first of the installments to be payable
on or before the first Monday in January, 2007, and shall bear the interest rate
of 5.0% percent for a 5 year term or 5.2% for a 10 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.
Adopted by the City Council on September 25, 2007.