HomeMy WebLinkAboutCity Council Resolution 2011-186CITY OF PLYMOUTH
RESOLUTION No. 2011-186
A RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL
COUNTY ROAD 101 FROM 13 TH AVENUE TO 30TH AVENUE
RECONSTRUCTION PROJECT
CITY PROJECT NO. 5102
WHEREAS, a contract has been let by Hennepin County for the improvement of County
Road 101 from 240 feet south of 13th Avenue to 260 feet south of 30th Place in the City of Plymouth,
said improvement includes the reconstruction of the roadway with the installation of bituminous
pavement, concrete medians, concrete curb and gutter, traffic signals, retaining walls, bituminous
trails and concrete sidewalks, storm sewer pipe, ponds and treatment devices, water main
replacement, sanitary sewer replacement, landscaping, and all necessary appurtenances, and the
contract price for such improvement is $14,253,578.06, and the expenses incurred or to be incurred in
the making of said improvement amount is $5,193,517.09, so that the total cost of the improvement
will be $19,447,095.15, and
WHEREAS, the City of Plymouth has entered into a Right of Way Acquisition and
Constriction Cooperative Agreement with Hennepin County, dated October 10, 2007, to participate
in the cost of said improvement, the City share of the contract price of the improvement is
$2,380,839.94, and the City's share of expenses incurred or to be incurred in the making of said
improvement is $1,890,333.09, so the City's share of the total cost of the improvement will be
$4,271,173.03.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF
THE CITY OF PLYMOUTH, MINNESOTA:
1. The portion of the cost of such improvement to be paid by the City of Plymouth is
hereby declared to be $3,836,786.97 and the portion of the cost to be assessed against
benefited property owners is declared to be $434,386.06.
2. Assessments shall be payable in equal annual installments extending over a period of
either 5 years, 10 years, or 15 years, with 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% for a 5
year term, 5.08% for a 10 year term, or 5.82% for a 15 year term per annum from the
date of the adoption of the assessment resolution.
3. The City Clerk, with the assistance of the City Engineer, shall forthwith calculate the
proper amount to be specially assessed for such improvement against every assessable
lot, piece or parcel of land within the district affected, without regard to cash valuation.
As provided by law and shall file a copy of such proposed assessment in the office for
public inspection.
4. The Clerk shall upon completion of such proposed assessment notify the City Council
thereof.
Approved this 14th day of June, 2011.