HomeMy WebLinkAboutCity Council Resolution 2007-457CITY OF PLYMOUTH
RESOLUTION NO. 2007-457
ADOPTING ASSESSMENTS
2007 STREET RECONSTRUCTION PROJECT
ASSESSMENTS FROM $5,001-$10,000
CITY PROJECT NO. 7101
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 the area
located west of County Road 101 to, and including, Queensland Lane, from the Luce Line Trail
to 6th Avenue, including 2"a Avenue and -1 Avenue west of Queensland Lane, and Narcissus
Lane north of 6th Avenue, but excluding 6th Avenue east of Queensland Lane, excluding the
property of 3 1- 118-22-42-0003 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
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 $1,051,331.44
Resolution No. 2007-457
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