HomeMy WebLinkAboutCity Council Resolution 2006-372CITY OF PLYMOUTH
RESOLUTION NO. 2006-372
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL
2006 STREET RECONSTRUCTION PROJECT
CITY PROJECT NO. 6101
WHEREAS, bids have been received for the improvement of Hemlock Lane, from Red
Fox Drive in Maple Grove to the recently constricted Hemlock Lane cul-de-sac north of
60th Avenue, the area from the Canadian Pacific Railroad to, and including, Balsam Lane
from Zachary Lane to, and including, Larch Lane and 53rd Avenue and 541h Avenue west
of Larch Lane, including the adjacent cul-de-sacs, and the area south of Old Rockford
Road to, and including, 401h Avenue and from Zachary Lane to, and including, Revere
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 $3,306,430 and
the expenses incurred or to be incurred in the making of said improvement amount is
$615,585 so that the total cost of the improvement will be $3,922,015.
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 $2,637,902.58, the City of Maple Grove
will contribute $36,649.54 and the portion of the cost to be assessed against
benefited property owners is declared to be $1,247,462.88.
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 8.25% percent for a 5 year term or 8.75% 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 26, 2006.