HomeMy WebLinkAboutCity Council Resolution 2007-413CITY OF PLYMOUTH
RESOLUTION NO. 2007-413
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL
2007 MILL AND OVERLAY PROJECT
CITY PROJECT NO. 7104
WHEREAS, bids have been received for the improvement of Vicksburg Lane from 32" a
Avenue to Old Rockford Road, excluding the intersections of State Highway 55 and
County Road 9, by bituminous resurfacing of streets, replacement of concrete curb and
gutter, and all necessary appurtenances, and the contract price for such improvement is
$349,936.65 and the expenses incurred or to be incurred in the making of said
improvement amount is $87,484.35 so that the total cost of the improvement will be
$437,421.
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 $296,746 and the portion of the cost to be
assessed against benefited property owners is declared to be $140,675.
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.