HomeMy WebLinkAboutCity Council Resolution 2012-212CITY OF PLYMOUTH
RESOLUTION NO. 2012-212
A RESOLUTION DECLARING COST TO BE ASSESSED, AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR THE
FOX GLEN, PIKE LAKE AND 37TH AVENUE EDGE MILL AND OVERLAY PROJECT
CITY PROJECT NO. 12002
WHEREAS, estimated costs have been calculated for the Fox Glen, Pike Lake and 37th
Avenue Edge Mill and Overlay Project, City Project No 12002 including the streets located the
streets located in three project areas. The Fox Glen area is located on 35th Avenue, 39th Avenue
and 40th Avenue from Fernbrook Lane to the cul-de-sac east, the cul-de-sacs east and west of
Dallas Lane between 36th Avenue and 38th Place, Dallas Lane from Fernbrook Lane to 39th
Avenue and the Dallas Lane cul-de-sac west of Dallas Lane. The second area, Pike Lake, is
located southeast of County Road 61 to and including Goldenrod Lane, north of County Road 10
to the City of Maple Grove city limits, excluding Hemlock Lane from the City of Maple Grove
to the cul-de-sac south, and includes the area of 61st Avenue to 62nd Avenue from Goldenrod
Lane to Deerwood Circle. The third area is located on 37th Avenue from Plymouth Boulevard to
approximately 1,285 feet east of Plymouth Boulevard, and the estimated cost for such
improvement is $440,000, and the expenses incurred or to be incurred in the making of such
improvement amount to $22,000 so that the total cost of the improvement will be $462,000.
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 $462,000 and the portion of the cost to be
assessed against benefited property owners is declared to be $462,000.
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 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 24t1' day of July, 2012.