HomeMy WebLinkAboutCity Council Resolution 2007-450CITY OF PLYMOUTH
RESOLUTION NO. 2007-450
ADOPTING ASSESSMENTS
2007 MILL AND OVERLAY PROJECT
VICKSBURG LANE
32ND AVE. TO OLD ROCKFORD ROAD
ASSESSMENTS FROM $5,001-$10,000
CITY PROJECT NO.7104
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 Vicksburg Lane
between 32nd Ave. and Old Rockford Road by bituminous resurfacing of streets, replacement of
concrete curb and gutter, Traffic Signal loop detectors and all necessary appurtenances; and
NOW, THEREFORE, BE IT HEREBY 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 hereby
accepted and shall constitute the special assessment against the lands named therein, and each tract
of land therein included is hereby found to be benefited by the proposed improvement in the
amount of the assessment levied against it.
2. Such assessment 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, 2008, and shall
bear interest at the rate of 5.2% per annum for a 10 year assessment period from the date of
adoption of this assessment resolution. To the first installment shall be added interest on the entire
assessment from the date of this resolution until December 31, 2008. To each subsequent
installment when due shall be added interest for one year on all unpaid installments.
3. The owner of any property so assessed may, at any time prior to certification of the assessment to
the County Finance Director, pay the whole of the assessment on such property with interest
accrued to the date of payment to the City Finance Director, except that no interest shall be charged
if the entire assessment was paid within 30 days from the adoption of this resolution; and he may at
any time thereafter, pay the City Finance Director 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 before November 29 or interest will be charged through December 31 of
the next succeeding year. The owner of any property so assessed may also, within 30 days from the
adoption of the resolution, make a partial prepayment of at least $100 to the City Treasurer. 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 December 31 of the year in which such prepayment is made.
4. The Clerk shall forthwith transmit a certified duplicate of this assessment to the County Finance
Director 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.
5. The total cost of the improvement assessed by this resolution is $100,816.69
Resolution No. 2007-450
Page 2 of 2
Adopted by the City Council on October 23, 2007.
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 October 23, 2007 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