HomeMy WebLinkAboutCity Council Resolution 2012-274CITY OF PLYMOUTH
RESOLUTION No. 2012-274
A RESOLUTION ADOPTING ASSESSMENTS FOR THE
VICKSBURG LANE Et ROCKFORD ROAD SIDEWALK IMPROVEMENT PROJECT
CITY PROJECT NO. 12023
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 Vicksburg
Lane & Rockford Road Sidewalk Improvement Project, City Project No. 12023, on the south
side of Rockford Road from Vicksburg Lane to the east property line of 15725 Rockford
Road and the east side of Vicksburg Lane from Rockford Road to 200 feet south of the north
property line of 15800 37th Avenue by installation of concrete sidewalk 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, 2013, and shall bear the interest rate of 2.44% per
annum for a 5 year assessment period from the date of adoption of this assessment
resolution. To the first installment shall be added interest on the entire assessment
from the date of this resolution until December 31, 2013. To each subsequent
installment when due shall be added interest for one year on all unpaid installments.
3. Such assessments as $10,001 and higher 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, 2013, and shall bear the interest rate of 4.34% per
annum for a 15 year assessment period from the date of adoption of this assessment
resolution. To the first installment shall be added interest on the entire assessment
from the date of this resolution until December 31, 2013. To each subsequent
installment when due shall be added interest for one year on all unpaid installments.
4. 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
within 30 days from the adoption of this resolution; 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, within 30 days from the adoption of the resolution, 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 16, of any year, pay the remaining unpaid
principal balance with interest accrued to December 31 of the year in which such
prepayment is made.
5. 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.
6. The total cost of the improvement assessed by this resolution is $13,215.06.
Approved this 11th day of September, 2012.
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 September 11, 2012, 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