HomeMy WebLinkAboutCity Council Resolution 2002-490CITY OF PLYMOUTH
RESOLUTION NO. 2002 -490
ADOPTING ASSESSMENTS
VICKSBURG LANE - HIGHWAY 55 TO 36TH AVENUE IMPROVEMENTS
CITY PROJECT NO. 9919
WHEREAS, the City has received a Waiver of Assessment Hearing from the property owners of
Lots 1, 2, 3, and 6, Block 1, Plymouth Market Place waiving their right to special assessment
hearings covering the installation of Intersection Improvements and all other appurtenances at
Vicksburg Lane and Highway 55 to 36"' Avenue.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE 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 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, 2003, and
shall bear interest at the rate of 6.0% per annum 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, 2003. To each subsequent installment when due shall be
added interest for one year on all unpaid installments.
3. 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 Finance Director, except that no interest shall be
charged if the entire assessment is paid within 30 days from the adoption of this resolution and he
may at any time thereafter pay the City Finance Director 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 before November 30 or interest will be charged through
December 31, of the next succeeding year.
4. 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 and such assessments shall be
collected and paid over in the same manner as other municipal taxes.
5. The total cost of the improvement assessed by this resolution is $392,187.45.
Adopted by the City Council on October 22, 2002.
Resolution No. 2002-490
Page 2
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 October 22, 2002, 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