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HomeMy WebLinkAboutCity Council Resolution 1986-511CITY 01V PLYMOUTH ` Pursuant to due call and notice thereof, a special meeting of the City on Council of the City of Plymouth, Minnesota was held the 25th day of 1986. The following members were present..—Ra- AugustoSchneider, ounce memo ers Crain, Vasiliou, and Zitur The following members were absent: Councilmember Sisk Councilmemnber Crain introduced the following Resolution and moved its adoption: RESOLUTION NO. 86-511 ADOPTING ASSESSMENTS PROJECT NO 649 DEFERRED WATERMAIN AND SANITARY SEWER LATERAL - TYRELL THIRD ADDITION PROJECT 920-010-014 WHEREAS, in conformance with the development contract, we have received a Waiver of Assessment Hearing from the property owner of Tyrell Third Addition waiving their right to special assessment hearings covering the previous installation of watermain and sanitary sewer lateral facilities and all other appurtenances; 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 he 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 1987, and shall bear interest at the rate of 8.38% per . annum from January 1, 1987. To the first installment shall be added interest on the entire assessment from January 1, 1987 until December 31, 1987. 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 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. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. 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 $5,297.36. The motion for the adoption of the foregoing Resolution was duly seconded by Councilmemmber Zitur , and upon vote being taken thereon, the following voted in favor thereof: ay0r, chneider, COuncilmembers Crain, Vasiliou, and .Zitur Theefollowing voted against or abstained: none Whereupon the Resolution was declared duly passed and adopted.