HomeMy WebLinkAboutCity Council Resolution 2011-309CITY OF PLYMOUTH
RESOLUTION No. 2011-309
A RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL
2011 MILL AND OVERLAY PROJECT
CITY PROJECT NO. 11007
WHEREAS, bids were received for the improvement of Peony Lane,
T.H. 55 to 51st Avenue, by bituminous resurfacing of the street, replacement of
concrete curb and gutter, , repairs to utility strictures, pedestrian ramps (as
needed), traffic signal loop detectors and all necessary appurtenances, and the
contract price for such improvement is $340,704.43. Expenses incurred or to
be incurred in the making of said improvement amount is $51,509.01, so that
the total cost of the improvement will be $392,221.35.
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 $352,992.10 and the portion of the cost
to be assessed against benefited property owners is declared to be
$39,221.35.
2. 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 3.54
percent 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 13th day of September, 2011.