HomeMy WebLinkAboutCity Council Resolution 2014-163CITY OF PLYMOUTH
RESOLUTION No. 2014-163
ADOPTING ASSESSMENTS MEDINA ROAD AREA
EDGE MILL AND OVERLAY PROJECT ( 14014)
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 the streets
located south of Medina Road, east of the City of Medina, and north of County Road 24 excluding the
Bridlewood and Churchill Farms subdivisions and the cul-de-sac on Lawndale Lane north of CR 24, and
Medina Road from Dunkirk Lane to the City limits, and the cul-de-sacs on Troy Lane and 39th Avenue
directly north of Medina Road by edge mill and overlay of bituminous pavement, replacement of
concrete curb and gutter, and all necessary appurtenances.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND 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. Therefore, the first installment shall be added
interest on the entire assessment from November 1, 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. Therefore, the first installment shall be added
interest on the entire assessment from November 1, 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 over $10,000 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. Therefore, the first installment shall be added interest on the
entire assessment from November 1, 2014 until December 31, 2015. To each subsequent
installment when due shall be added interest for one year on all unpaid installments.
Resolution No. 2014-163
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5. 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 he 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
November 15 or interest will be charged through December 31 of the next succeeding year.
The owner of any property so assessed may also, until October 31, 2014, 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 November 15, of any year, pay the remaining unpaid principal balance with interest
accrued to November 15 of the year in which such prepayment is made.
6. 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.
7. The total cost of the improvement assessed by this resolution is $572,476.01.
APPROVED this 13th day of May, 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
May 13, 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