HomeMy WebLinkAboutCity Council Resolution 2012-150CITY OF PLYMOUTH
RESOLUTION No. 2012-150
A RESOLUTION DECLARING COST TO BE ASSESSED, AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR THE PLYMOUTH BLVD MILL
AND OVERLAY PROJECT
CITY PROJECT NO. 12006
WHEREAS, estimated costs have been calculated for the Plymouth Blvd Mill and
Overlay Project, including Plymouth Blvd, from State Highway 55 to Rockford Road. The
project also includes concrete sidewalk replacement on 34t1' Avenue, from Plymouth Blvd to
Fernbrook Lane and on Trenton and Nathan Lane, north of Bass Lake Road, concrete
replacement at the Plymouth Creek Center and concrete sidewalk installation from the east
property line of 15725 37th Avenue to approximately 175 feet south of 15800 37t1' Avenue, and
the estimated cost for such improvement is $585,711.68, and the expenses incurred or to be
incurred in the making of such improvement amount to $146,427.92 so that the total cost of the
improvement will be $732,139.60.
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 $466,394.76 and the portion of the cost to
be assessed against benefited property owners is declared to be $265,744.84.
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, 2013, and shall bear the
interest rate of 2.44% percent for a 5 year term, 3.37% for a 10 year term, or
4.34% for a 15 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 8th day of May, 2012.