HomeMy WebLinkAboutCity Council Resolution 2011-326CITY OF PLYMOUTH
RESOLUTION No. 2011-326
A RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL
SUN COURT MILL AND OVERLAY PROJECT
CITY PROJECT NO. 11006
WHEREAS, a contract has been let for the improvement of the Sun Court Mill
and Overlay Project area including Terraceview Lane, south of 181h Avenue N, and the
adjacent cul-de-sacs from 15th Place N to 17t1' Place N., for bituminous resurfacing of
streets, replacement of concrete curb and gutter, and all necessary appurtenances, and the
contract price for such improvement is $322,422.91, and the expenses incurred or to be
incurred in the making of said improvement amount is $48,363.44, so that the total cost
of the improvement will be $370,786.35.
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 $187,340.43 and the portion of the cost
to be assessed against benefited property owners is declared to be
$181,375.92.
2. Assessments shall be payable in equal annual installments extending over a
period of 5 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, 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 27th day of September, 2011.