HomeMy WebLinkAboutCity Council Resolution 2011-138CITY OF PLYMOUTH
RESOLUTION No. 2011-138
ADOPTING ASSESSMENTS
SOUTH SHORE DRIVE REHABILITATION PROJECT
CITY PROJECT NO. 10002
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 South Shore Drive from 10th Avenue to the cul-de-sac, and 13th Avenue from South Shore
Drive to Nathan Lane by a fiill depth mill and overlay of streets and installation of bituminous
pavement, concrete curb and gutter, storm sewer, watermain, and all necessary appurtenances,
and all necessary appurtenances.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL
OF THE CITY OF PLYMOUTH, MINNESOTA:
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, 2012, and shall bear the interest
rate of 3.45% 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.
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.
4. 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.
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 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 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 $170,672.31.
Approved this 26th 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