HomeMy WebLinkAboutCity Council Resolution 2014-166CITY OF PLYMOUTH
RESOLUTION No. 2014-166
ADOPTING ASSESSMENTS 2014 CUL-DE-SAC
EDGE MILL AND OVERLAY PROJECT (14019)
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 in the 2014 Cul-de-sac Edge Mill and Overlay Project, including the following
streets:
Street
From
To
Yellowstone Lane
County Road 6
Cul-de-sac North
Olive Lane
County Road 6
14th Avenue
14th Avenue
Olive Lane
County Road 101
1St Avenue
Vinewood Lane
Dead-end West
Wedgewood Lane
1St Avenue
Cul-de-sac South
Dunkirk Ct
36th Avenue
Cul-de-sac South
44th Place
Fernbrook Lane
Cul-de-sac East
391h Avenue
County Road 61
Cul-de-sac West
Jonquil Lane
Bass Lake Road
Cul-de-sac South
The improvements include the removal and replacement of the street surface by mill
and overlay, and all necessary appurtenances.
NOW, THEREFORE, BE IT RESOLVED BYTHE 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.
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 December 31 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 $135,033.88
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