HomeMy WebLinkAboutCity Council Resolution 2013-124CITY OF PLYMOUTH
RESOLUTION No. 2013-124
ADOPTING ASSESSMENTS
SAGAMORE STREET RECONSTRUCTION PROJECT
CITY PROJECT NO. 13005
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 assessment for the
improvement of the Sagamore Street Reconstruction Project including Revere Lane N,
from 451h Avenue N to 43rd Avenue N, 43rd Avenue N from Revere Lane N to Trenton
Lane N and from Trenton Lane North to the cul-de-sac west, Trenton Lane N from 45th
Avenue N to 44th Avenue N, and from 44th Avenue N to 43rd Avenue N, and 44th Avenue
N, from Trenton Lane N to Trenton Lane N for the reconstruction of streets with the
installation of bituminous pavement, concrete curb and gutter installation, storm sewer
installation, and all necessary appurtenances.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND 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 assessments between $0 and $5,000 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, 2014, and shall
bear the interest rate of 2.34% per annum for a 5 year assessment period
from November 13, 2013. To the first installment shall be added interest
on the entire assessment from the date of this resolution until December 31,
2014. To each subsequent installment when due shall be added interest for
one year on all unpaid installments.
3. Such assessments between $5,001 and $10,000 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, 2014,
and shall bear the interest rate of 2.67% per annum for a 10 year
assessment period from November 15, 2013. To the first installment shall
be added interest on the entire assessment from the date of this resolution
until December 31, 2014. To each subsequent installment when due shall
be added interest for one year on all unpaid installments.
4. Such assessments between $10,001 and higher shall be payable in equal
annual installments extending over a period of 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 3.69% per annum for a 15 year
assessment period from November 15, 2013. To the first installment shall
be added interest on the entire assessment from the date of this resolution
until December 31, 2014. To each subsequent installment when due shall
be added interest for one year on all unpaid installments.
5. 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 of Plymouth Finance Department, except that no
interest shall be charged if the entire assessment was by November 15,
2013; and he may at any time there after, pay the City of Plymouth Finance
Department 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 by November 14 or interest will be
charged through December 31 of the next succeeding year. The owner of
any property so assessed may also, within 30 days from the adoption of the
resolution, make a partial payment of a least $100 to the City of Plymouth
Finance Department. The remaining unpaid balance will be certified as the
new assessment amount. The owner may also at any time prior to
November 15, of any year, pay the remaining unpaid principal balance with
interest accrued to December 31 of the year in which such prepayment is
made.
6. The Clerk shall forthwith transmit a certified duplicate of this assessment
to the County Finance Director to be extended on the property tax lists of
the County. Such assessments shall be collected and paid over in the same
manner as other municipal taxes.
7. The total cost of the improvement assessed by this resolution is
$265,728.58.
Approved this 23rd day of April, 2013.
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS.
The undersigned, being the duly qualified and appointed City Clerk of the City of Plymouth,
Minnesota, certifies that I compared the foregoing resolution adopted at a meeting of the
Plymouth City Council on April 23, 2013 with the original thereof on file in my office, and the
same is a correct transcription thereof.
WITNESS my hand officially as such City Clerk and the Corporate seal of the City this
day of
City Clerk