HomeMy WebLinkAboutCity Council Resolution 2015-183CITY OF PLYMOUTH
RESOLUTION No. 2015-183
RESOLUTION ADOPTING ASSESSMENTS
2015 MILL AND OVERLAY PROJECT (15002. 1
WHEREAS, pursuant to proper noticed uly given as required by law, the Council has meta nd heard
and passed upon all objections to the proposed assessment for the improvement of the streets north of
Canadian Pacific Railway, south of Bass Lake Road, East of Zachary Lane, and west of Nathan Lane
excluding Ximinies Lane south of 53rd Avenue. The Streets west of Interstate 494, north of 54th Avenue,
south of 62nd Avenue, and east of Fernbrook Lane/Cheshire Parkway. The streets north of Canadian Pacific
Railway, south of County Road 47, west of Pineview Lane, and east of Interstate 494. The streets east of
Pineview Lane, south of 58th Avenue, north of Canadian Pacific Railway, and west of Larch Lane excluding
the cul-de-sac of 53rd and 54th Avenues adjacent to Larch Lane. Finally, the streets north of Gleason Lake
Drive, south of 111h Avenue, west of Interstate 494 and east of Juneau Lane, but excluding 101h Avenue
east of Harbor Lane and 4th Avenue west of Harbor Lane 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, 2016, 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,
2015 until December 31, 2016. 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, 2016, and shall bear the interest
rate of 3.46% per annum for a 10 year assessment period. Therefore, the first
installment shall be added interest on the entire assessment from November 1,
2015 until December 31, 2016. 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, 2016, and shall bear the interest rate of
3.78% per annum for a 15 year assessment period. Therefore, the first installment
shall be added interest on the entire assessment from November 1, 2015 until
December 31, 2016. 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, 2015 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, 2015, 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 $1,243,034.13.
APPROVED by the City Council on this 23rd day of June, 2015.
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 May 26, 2015, 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