HomeMy WebLinkAboutCity Council Resolution 1992-203CITY OF PLYMOUTH
RESOLUTION NO. 92-203
ADOPTING ASSESSMENTS
CITY PROJECT NO 945
15TH AVENUE STREET 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 15th
Avenue Street Improvements by the installation of 16 foot wide bituminous street with
storm drainage improvements and all necessary 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 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 1993, and shall bear interest at the rate of 8.002 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, 1993. 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:
Street Improvements $21,453.80
Adopted by the City Council on April 6, 1992