HomeMy WebLinkAboutCity Council Resolution 2011-096CITY OF PLYMOUTH
RESOLUTION No. 2011-096
A RESOLUTION ADOPTING ASSESSMENTS
FOR THE CIMARRON PONDS STREET RECONSTRUCTION PROJECT
ASSESSMENTS UP TO $5,000
CITY PROJECT NO. 9113
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 Cimarron
Ponds Street Reconstruction Project, City Project No. 9113, including the streets located west
of Vicksburg Lane N, south of and including 12th Avenue N, north of and including 10th
Avenue N., Black Oaks Lane west of 12th Avenue N, Archer Lane N west of 10th Avenue N,
and Xene Lane N, Yuma Lane N, and Zanzibar Lane N, south of 10th Avenue N. by
reconstruction or rehabilitation of streets with the installation of bituminous pavement,
concrete curb and gutter installation and repair, 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 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, 2012, and shall bear the interest rate of
3.45% per annum for a 5 year assessment period 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,
2011. 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 of Plymouth Finance Department, except that no
interest shall be charged if the entire assessment was paid within 30 days
from the adoption of this resolution; 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
Resolution No. 2011-096
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year in which such payment is made. Such payment must be made by April
21 or interest will be charged through December 31 of the next succeeding
year. The owner of any property so assessed may also, within 30 days from
the adoption of the resolution, 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 December 31 of the year in which such
prepayment is made.
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. 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
$813,834.96
Approved this 22nd day of March, 2011.
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 March 22, 2011 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