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HomeMy WebLinkAboutCity Council Resolution 1988-224CITY OF PLYMOUTH Pursuant to due call and notice thereof, a r ular meeting of the City Council of the City of Plymouth, Minnesota was held on the 4th day of April , 1988. The following members were present: Mayor Schneider. Councilmembers Vasiliou , Ricker. Zitur and Sisk The following members were absent: None Councilmember Zitur introduced the following Resolution and moved its adoption: RESOLUTION NO. 88-224 RESPREADING OF DEFERRED ASSESSMENTS LEVY NO. 10970 WHEREAS, in accordance with City Policy certain parcels of homestead land were assessed at a residential rate with the remainder of the assessment deferred at the established rate; and WHEREAS, the deferral was for a five year period provided, however, that if the property is sold not used by the owner for his homestead or further subdivic:ed during that five year period, the deferred assessment shall become payable. WHEREAS, an agreement has been made by the present owner to have the deferred assessments re -spread; and WHEREAS, it is necessary for the City Council to determine the period of years over which the deferred assessment is to be paid. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA: 1. That the assessments listed below which were previously deferred be respread for the period of years indicated: Number of Interest P.I.D. NO . Year a $g,IA 15-118-22-43-0044 10970 5 9.36% $ 6,977.90 2. Such assessment shall be payable in equal annual installments extending over a period of 5 years, the first of the installments to be payable on or '..fore the first Monday in January 1989, and shall bear interest at the rate of 9.36% per annum from the date of adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this Resolution until December 31, 1989. To each subsequent .installment when due shall be added interest for one year on all unpaid installments. Resolution No. 88- 224 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 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. The motion for the adoption of the foregoing Resolution was duly seconded by Cminc-ilmemher Sisk , and upon vote being taken thereon, the following voted in favor thereof: Mayor Schneider. Councilmembers Vasiliou, Ricker, T_i trnr and Sisk The following voted against or abstained: None Whereupon the Resolution was declared duly passed and adopted.