HomeMy WebLinkAboutCity Council Resolution 2011-193CITY OF PLYMOUTH
RESOLUTION No. 2011-193
ADOPTING ASSESSMENTS
2010 STREET RECONSTRUCTION PROJECT
EAST PARKERS LAKE AND PARKERS LAKE CORPORATE CENTER AREAS
CITY PROJECT NO. 10001
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 the East Parkers
Lake area including 17th and 18t1' Avenue from Fernbrook Lane to, and including Ithaca Lane, and the
adjacent cul-de-sac, and the streets south of County Road 6 and north of the Luce Line Trail, from, and
including Kingsview Lane, to, and including Fernbrook Lane, and the adjacent cul-de-sacs, but excluding
Kingsview Lane, north of Juneau Lane and The Parkers Lake Corporate Center area including 23rd
Avenue and 25th Avenue, west of Niagara Lane, to and including Polaris Lane for the reconstruction of
streets with the installation of bituminous pavement, concrete curb and gutter installation and repair,
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 $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
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. 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 No. 2011-193
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5. resolution until December 31, 2011. To each subsequent installment when due shall be
added interest for one year on all unpaid installments.
6. 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.
7. 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.
8. The total cost of the improvement assessed by this resolution is $1,439,146.87.
Approved this 14th day of June, 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
June 14, 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