HomeMy WebLinkAboutCity Council Resolution 1995-661CITY OF PLYMOUTH
RESOLUTION NO. 95 -661
ADOPTING ASSESSMEN'T'S
CITY PROJECT NO. 213
SCHMIDT LAKE ROAD/FERNBROOK LANE
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 improvements of
Schmidt Lake Road/Fernbrook Lane, by the installation of street, storm sewer, watermain and
sanitary sewer Wend, and all other appurtenances;
NOW, MREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF •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 5
years, the first of the installments to be payable on or before the first Monday in January,
1996, and shall bear i :terest at the rate of 7.00% per annum from the date of i !option 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, 1996. 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 Financo 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 30 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 assesses by this resolution is:
Street, storm sewer, watermain and sanitary severer lateral.
Total Cost $646,743.24
Prepayment S 19,838.00
Final Assessment $626,905.24
Adopted by the City Council on October 24, 1995.
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