HomeMy WebLinkAboutCity Council Resolution 2011-118CITY OF PLYMOUTH
RESOLUTION No. 2011-118
ADOPTING ASSESSMENTS
8T" AVENUE STREET RECONSTRUCTION PROJECT
CITY PROJECT NO. 10004
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 81h Avenue from County Road 101 to approximately 100 feet east of
Shadyview Lane for the reconstruction of the street with the installation of bituminous
pavement, concrete curb and gutter installation, storm sewer installation and repair,
watermain replacement, 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 $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, 2012, and
shall bear the interest rate of 5.08% per annum for a 10 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. Such assessments $10,001 and higher 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, 2012, and shall bear the
interest rate of 5.82% per annum for a 15 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.
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
Resolution 2011-118
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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
5. 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 14 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.
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 $199,152.86.
Approved this 12th day of April, 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 April 12, 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