HomeMy WebLinkAboutCity Council Resolution 2011-349CITY OF PLYMOUTH
RESOLUTION No. 2011-349
ADOPTING ASSESSMENTS
2011 MILL AND OVERLAY PROJECT
PEONY LANE - TH 55 TO 51 ST AVENUE
CITY PROJECT NO. 11007
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 Peony Lane from T.H. 55 to 51" Avenue by bituminous resurfacing of
the street, replacement of concrete curb and gutter, repairs to utility strictures, traffic
signal loop detectors 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, 2012. To each
subsequent installment when due shall be added interest for one year on all unpaid
installments.
3. Such assessments $10,000 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, 2012. To each subsequent
installment when due shall be added interest for one year on all unpaid installments
4. 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
Resolution No. 2011-349
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which such payment is made. Such payment must be made by November 15 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.
5. 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.
6. The total cost of the improvement assessed by this resolution is $39,221.37.
Approved this 11th day of October, 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 October 11, 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