HomeMy WebLinkAboutCity Council Resolution 2006-374CITY OF PLYMOUTH
RESOLUTION NO. 2006-374
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL
2006 MILL & OVERLAY PROJECT
CITY PROJECT NO. 6106
WHEREAS, bids have been received for the improvement of Pineview Lane between
Schmidt Lake Road and County Road 61, and portions of Schmidt Lake Road between
Pineview Lane and Fernbrook Lane by bituminous resurfacing of streets, replacement of
concrete curb and gutter, and all necessary appurtenances, and the contract price for such
improvement is $322,942 and the expenses incurred or to be incurred in the making of
said improvement amount is $61,744 so that the total cost of the improvement will be
$384,686.
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 is hereby
declared to be $348,817 and the portion of the cost to be assessed against
benefited property owners is declared to be $35,869.
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, 2007, and shall bear the interest rate of 8.25%
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 26, 2006.