HomeMy WebLinkAboutCity Council Resolution 2013-210CITY OF PLYMOUTH
RESOLUTION No. 2013-210
A RESOLUTION DECLARING COST TO BE ASSESSED, AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR THE
CHURCHILL FARMS EDGE MILL AND OVERLAY PROJECT
CITY PROJECT NO. 13021
WHEREAS, estimated costs have been calculated for the Churchill Farms Edge Mill and
Overlay Project, City Project No 13021, located south of Medina Road to, and including, 37th
Avenue from, and including, Alvarado Lane to, and including, Urbandale Lane; north of County
Road 24 to 37th Avenue from, and including, Zircon Lane to 450 feet west of Walnut Grove Lane
on 34t1' Avenue and 180 feet west Walnut Grove Lane on 32nd Avenue but excluding Xanthus
Lane south of 32nd Avenue; and 3151 Avenue and 31" Place from Zircon Lane to the cul-de-sacs
west, and the estimated cost for such improvement is Error! Reference source not
found. 560,265.70, and the expenses incurred or to be incurred in the making of such
improvement amount to $84,039.89 so that the total cost of the improvement will be
$644,305.56.
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 $290,305.56 and the portion of the cost to
be assessed against benefited property owners is declared to be $354,000.00.
2. Assessments shall be payable in equal annual installments extending over a
period of either 5 years, 10 years, or 15 years the first of the installments to be
payable on or before the first Monday in January, 2014, and shall bear the
interest rate of 2.34% percent for a 5 year term, 2.67% for a 10 year term, or
3.69% for a 15 year term per annum from November 15, 2013.
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.
Approved this 9th day of July, 2013.