HomeMy WebLinkAboutCity Council Resolution 1990-180CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the
City Council of the City of Plymouth, Minnesota was held on the
26th day of February , 1990. The following members were
present:Ppgaman.Helliwell-eur
The following members were absent: None
Councilmember vasiliou introduced the following Resolution
and moved its adoption:
RESOLUTION NO. 90-180
MODIFICATION OF PAYMENT SCHEDULE
LEVY NOS. 11127 AND 11129
WHEREAS, pursuant to adoption of Resolution No. 88-467 and
Resolution No. 88-466 special assessments were levied by the City
Council for Project No. 544, Fernbrook Lane North of Co. Rd. 9
for Street and Utility Improvements and Sewer and Water Area
Assessments; and
WHEREAS, the owners of Parcel 15-118-22-22-0006 appealed the
special assessments and the City Attorney and property owners
have reached an agreement on a settlement of the appeal; and
WHEREAS, it is recommended that the City of Plymouth modify the
assessment roll and the property owners will withdraw their
special assessment appeal;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH, MINNESOTA:
1. That the amounts of the levy of assessments for Project
No. 544 as they apply to Parcel 15-118-22-22-0006
remain as fixed in Resolution No. 88-467 and Resolution
No. 88-466 as follows:
Sewer and Total
Street Watermain Water Area Assessment
$64,845.00 $14,770.80 $12,515.60 $92,131.40
Resolution No. 90-180
Page 2
2. That the following portions of the levy of assessments
shall be spread in accordance with the terms of Levy
No. 11127:
Total Assessment
Street Watermain Currently Payable
$9,271.35 $3,073.95 $13,015.30
3. That the following portions of the levy of assessments
shall be spread in accordance with the terms of Levy
No. 11129:
Sewer and Water Area
$670.00
4. That payment of the balance of the levy of assessments
be deferred until such time as the City Council of the
City of Plymouth grants final approval to a subdivision
plat for Parcel No. 15-118-22-22-0006 or until August
15, 2008, whichever occurs first:
Total Deferred
Street Watermain Water Area Assessment
$55,573.65 $11,696.85 $11,845.60 $79,116.10
5. That interest on the unpaid principal balance of the
deferred assessments shall accrue at the annual rate of
eight percent beginning August 15, 1988.
6. That when the deferred assessments become payable, the
unpaid principal balance of the deferred assessments
plus accrued interest shall be spread over a five year
period at eight percent annual interest beginning on
the date on which the deferred assessments become
payable.
7. If Parcel No. 15-118-22-22-0006 is developed before all
installments of the deferred assessments have been
paid, the deferred assessments will be reassessed
according to the terms of the Agreement between the
City of Plymouth and Lillian A. Begin, Kevin C. Begin,
Jacqueline Begin, and Lawrence H. Begin dated
January 26 , 1990.
The motion for the adoption of the foregoing resolution was duly
seconded by Councilmember� Zitur. _ , and upon vote being
taken thereon, the following voted in favor thereof:
Mayor Berman Councilmembers Helliwell Rickeryagilinu and 7+f
iir
The following voted against or abstained: None
Whereupon the Resolution was
declared duly passed and adopted.