HomeMy WebLinkAboutCity Council Resolution 2015-224
CP
ITY OF LYMOUTH
RN.2015-224
ESOLUTION O
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ESOLUTION DOPTING SSESSMENTS FOR THE
2015PWMOPPII(15002.3)
UBLIC ORKS ILL AND VERLAY ROJECT HASE
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 improvement of the streets
north of Old Rockford Road and east of Holly Lane including Garland Lane, Fountain Lane, Dunkirk Lane
Comstock Lane and 45th Avenue in the subdivisions known as Golfview Estates and Golfview Woods by
edge mill and overlay of bituminous pavement, replacement of concrete curb and gutter, and all
necessary appurtenances.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA:
NOW,THEREFORE,BEITRESOLVEDBYTHEMAYORANDCITYCOUNCILOFTHECITYOF
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.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 thereafter, 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.
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 $59,000.00.
APPROVED by the City Council on this 28th day of July, 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
July 28, 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