HomeMy WebLinkAboutCity Council Resolution 2014-225CITY OF PLYMOUTH
RESOLUTION No. 2014-225
A RESOLUTION ADOPTING ASSESSMENTS
GREENTREE AND LOFFHAGEN EDGE MILL AND OVERLAY PROJECT (14016)
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 west of County Road 61, east of Cheshire Lane, north of 1st Avenue, and
south of Carlson Parkway and the streets in the Greentree West, Greentree West 2nd Addition,
and Bay Point on Mooney Lake subdivisions with the addition of Brockton lane from 24th
Avenue to County Road 24 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.
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 $239,301.13.
APPROVED this 24th day of June, 2014.
STATE OF MINNESOTA)
COUNTY OF HENNEPI N) 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
June 24, 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