HomeMy WebLinkAboutCity Council Resolution 1998-326CITY OF PLYMOUTH
RESOLUTION NO. 98 - 326
ADOPTING ASSESSMENTS
CITY PROJECT NO. 8020
LIFETIME FITNESS IMPROVEMENTS
WHEREAS, in conformance with the Ground Lease and Development Agreement, the City has
received a Waiver of Assessment Hearing from the FCA, LTD., d/b/a Lifetime Fitness waiving
their right to special assessment hearings covering the installation of parking, lighting and
sidewalks, and all other appurtenances;
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 10
years, the first of the installments to be payable on or before the first Monday in January,
1999, and shall bear interest at the rate of 7.00% 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, 1999. 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 proper 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 $598,342.40.
Adopted by the City Council on May 20, 1998.
C.'�Documents and Settnigs\e,uigei Local Settuigs\Temp CCR 1998-32658-62 CCR 1998-326 doe
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 , 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
Project 8020
Lifetime Fitness Improvements
including Parking, Lighting, and Sidewalks
Lot 3, Block I, Plymouth Center 3rd Addition
16-118-22-34-0016
$598,342.40