HomeMy WebLinkAboutCity Council Resolution 1997-656CITY OF PLYMOUTH
RESOLUTION NO, 97 - 656
ADOPTING ASSESSMENTS
VICKSBURG LANE STREET RECONSTRUCTION
CITY PROJECT NO, 7010
WHEREAS. pursuant to proper notice duly given as required by law. the Council has met and
beard and passed upon all objectim to the proposed tssessmeata for the improvessa a of
Vicksburg Lane.• by the reconstruction of streets. and all alter appurtenances;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CRY (COUNCIL OF THE
CITY OF PLYMOUTH, MINNESOTA:
1. Such proposed assessment, a copy of which is attached bereto and made s part hereof, is
hereby accepted and shall com tote the special assessment against the lands named therein
and each tract of lard therein included is hereby found to be benefited by the proposed
improvement in the amount of the assessment levied against it.
2. Suc a assessment shall be payable in equal annual installments extending over a period of S
years, the Punt of the installments to be payable on or before the first Monday in January.
1998. and shall bear interest at the rate of 7.3% per aantmn from the due of adoption of
this assessment resolution. To the first installment shall be added interest on the entire
assessmetn from the date of this resolution until Datmber 31, 1998. To etch 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, excret
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 entim amount of the assessment remaining unpaid with interest accred to December
31 of the year in which such payment is made. Such payment must be made before
November 29 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.
S. The total cost of the improvement assessed by this resolution is $13.427.30.
Adopted by th• City Council on October 13, 1997.
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