HomeMy WebLinkAboutCity Council Resolution 2015-069
City Of Plymouth
Resolution No. 2015-069
Adopting Assessments
Trunk Sanitary Sewer And Water Main
Vicksburg Ridge (2014091-F)
WHEREAS, the City has received a Waiver of Assessment
Hearing from the property owner of Vicksburg ridge Addition waiving their right to special assessment hearings for trunk sanitary sewer and water main and all other appurtenances;
NOW,
THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA:
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.
Such assessment 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, 2016, and shall bear interest at the rate of 2.78% per annum. To the first installment shall be added interest on the entire assessment
calculated from November 1, 2015 to December 31, 2016. To each subsequent installment when due shall be added interest for one year on all unpaid installments.
The owner of any property
so assessed may make an interest free principal prepayment prior to certification of the assessment to the County Finance Director. Prepayments of the assessment on such property must
be received by October 31, 2015.
The Clerk shall forthwith transmit a certified duplicate of this assessment to the County Finance Director to be extended on the proper tax lists of
the County and such assessments shall be collected and paid over in the same manner as other municipal taxes.
The total cost of the improvement assessed by this resolution is $32,763.40
ADOPTED
by the City Council on this 10th day of March, 2015.