HomeMy WebLinkAboutCity Council Resolution 2014-069CITY OF PLYMOUTH
RESOLUTION No. 2014-069
A RESOLUTION ADOPTING ASSESSMENTS FOR THE
DUNKIRK LANE STREET AND UTILITY IMPROVEMENTS
CITY PROJECT NO. 13015
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 assessment for the improvement of
Dunkirk Lane, from 54th Avenue to 59th Avenue, by upgrading the existing gravel road to a 32
foot wide (face -of -curb to face -of -curb) urban design roadway with concrete curb and gutter,
storm sewer and a trail on the east side of the roadway. The project would also include the
extension of 12" diameter trunk watermain, and all necessary appurtenances; and
WHEREAS, the Clerk has notified the Council that such proposed assessment has been
completed and filed in the office of the City Clerk for public inspection.
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 assessments between $0 and $5,000 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, 2015, and shall
bear the interest rate of 2.78% per annum for a 5 year assessment period
from October 31, 2014. To the first installment shall be added interest on
the entire assessment from October 31, 2014 until December 31, 2015. To
each subsequent installment when due shall be added interest for one year
on all unpaid installments.
3. Such assessments between $5,001 and $10,000 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, 2015,
and shall bear the interest rate of 4.25% per annum for a 10 year
assessment period from October 31, 2014. To the first installment shall be
added interest on the entire assessment from October 31, 2014 until
December 31, 2015. To each subsequent installment when due shall be
added interest for one year on all unpaid installments.
4. Such assessments between $10,001 and higher shall be payable in equal
annual installments extending over a period of 15 years, the first of the
installments to be payable on or before the first Monday in January, 2015,
and shall bear the interest rate of 4.95% per annum for a 15 year
assessment period from October 31, 2014. To the first installment shall be
added interest on the entire assessment from October 31, 2014 until
December 31, 2015. To each subsequent installment when due shall be
added interest for one year on all unpaid installments.
5. Such assessment for those properties on the west side of Dunkirk Lane
(PID: 0511822310002, PID: 0511822310003, PID: 0511822340002, PID:
0511822340003, PID: 0511822340004, PID: 0511822340006, PID:
0511822340007, PID: 051182232001, PID 051182232002) shall have the
payment deferred until such time as the property is platted in whole or in
part. Interest shall not accrue while the payment is deferred. The
assessments shall be paid in fill upon platting of the property.
6. 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 of Plymouth Finance Department, except that no
interest shall be charged if the entire assessment was paid by October 31,
2014 and the owner may at any time there after, pay the City of Plymouth
Finance Department 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 by October 31 or interest will be
charged through December 31 of the next succeeding year. The owner of
any property so assessed may also, within 30 days from the adoption of the
resolution, make a partial payment of a least $100 to the City of Plymouth
Finance Department. The remaining unpaid balance will be certified as the
new assessment amount. The owner may also at any time prior to October
31, of any year, pay the remaining unpaid principal balance with interest
accrued to December 31 of the year in which such prepayment is made.
7. The Clerk shall forthwith transmit a certified duplicate of this assessment
to the County Finance Director to be extended on the property tax lists of
the County. Such assessments shall be collected and paid over in the same
manner as other municipal taxes.
8. The total cost of the improvement assessed by this resolution is
$1,143,649.41.
APPROVED this 25th day of February, 2014.
STATE OF MINNESOTA)
COUNTY OF HENNEPIN) SS
The undersigned, being the duly qualified and appointed City Clerk of the City of Plymouth,
Minnesota, certifies that I compared the foregoing resolution adopted at a meeting of the
Plymouth City Council on February 25, 2014, with the original thereof on file in my office, and
the same is a correct transcription thereof.
WITNESS my hand officially as such City Clerk and the Corporate seal of the City this day
of
City Clerk