HomeMy WebLinkAboutCity Council Resolution 1981-111CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of the City
Council of the City of Plymouth, Minnesota, was held orae 17th day of
February 1981 . The following members were present:
Mayor Davenpori, Councilmembers Hoyt, Neils, Schneider 8 Threinen
ll wowing members were sent: None
Councilmember Neils introd:,red the following Resolution and moved
its tion:
RESOLUTION NO. 81- 111
ADOPTING ASSESSMENTS
PROJECT 606
PARKER."_. LAKE AREA STORM DRAINAGE IMPROVEMENTS
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 assessments for the
following improvement:
1. Parkers Lake (PL -P1)
2. Ponds BC-P19A and BC-P19B lying north and south of the Minnesota Western
railroad right-of-way between Harbor Lane and Fernbrook Lane/I-494
3. Pond BC -P20 lying on the west side of Interstate Highway No. 494 south
of County Road 6
4. Pond BC -P21 lying on the east side of Interstate Highway No. 494 south
of County Road 6
5. Inlet and outlets for Ponds PL -P2, BC-P19C and BC -P27
by the installation of storm sewer, ponding areas, pumping station and all necessary
appurtenances;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA:
1. Such proposed assessment, as amended, a copy of which is attached hereto and
made a part hereof, is hereby accepted and shall constitute the special assess-
ment 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 t+ie
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, 1982, and shall bear interest at the rate of 1%
per annum above the bond interest -ate from May 1, 1981. To the first install-
ment shall be added interest on the entire assessment from May 1, 1981 until
December 31, 1982. To each subsequent installment when due shall be added
interest for one year on all unpaid installments.
Resolution No. 81-111
Page 2
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 assess-
ment 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 assess-
ment is 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.
4. The Clerk shall forthwith transmit a certified duplicate of this assessment to
the County Finance Director to be extended on the proper tax lists of the County
and 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: $696,697.28.
6. The total cost to be financed by the City is:
Ad Valorem Tax $160,612.20
The :lotion for the adoption of the foregoing Resolution was duly seconded
by Councilmember Schneider and upon vote being taken thereon, the
following voted in favor thereof: Mayor DavenP4rt, Councilmembers Hoyt,
�yl eil§, Schngidr ¢ Threinen
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.