HomeMy WebLinkAboutCity Council Resolution 2013-087CITY OF PLYMOUTH
RESOLUTION No. 2013-087
A RESOLUTION DECLARING COST TO BE ASSESSED, AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR THE
CREEKSIDE OF PLYMOUTH EDGE MILL AND OVERLAY PROJECT
CITY PROJECT NO. 13009
WHEREAS, estimated costs have been calculated for the Creekside of Plymouth Edge
Mill and Overlay Project, City Project No 13009 including the streets south of Rockford Road,
west of Fernbrook Lane, east of Plymouth Blvd., and north of and including 38th Ave., excluding
approximately 1250 feet of 37t1' Ave./381h Ave. east of Plymouth Blvd., and the estimated cost
for such improvement is $569,040.00, and the expenses incurred or to be incurred in the making
of such improvement amount to $113,808.00 so that the total cost of the improvement will be
$682,848.00.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF
THE CITY OF PLYMOUTH, MINNESOTA:
1. The portion of the cost of such improvement to be paid by the City of
Plymouth is hereby declared to be $369,703.75 and the portion of the cost to
be assessed against benefited property owners is declared to be $313,144.25.
2. Assessments shall be payable in equal annual installments extending over a
period of either 5 years, 10 years, or 15 years the first of the installments to be
payable on or before the first Monday in January, 2014, and shall bear the
interest rate of 2.44% percent for a 5 year term or 3.37% for a 10 year term
per annum from the date of the adoption of the assessment resolution.
3. The City Clerk, with the assistance of the City Engineer, shall forthwith
calculate the proper amount to be specially assessed for such improvement
against every assessable lot, piece or parcel of land within the district affected,
without regard to cash valuation, as provided by the law, and shall file a copy
of such proposed assessment in the office for public inspection.
4. The Clerk shall upon completion of such proposed assessment notify the City
Council thereof.
Approved this 19t1' day of March, 2013.