HomeMy WebLinkAboutCity Council Resolution 2010-261CITY OF PLYMOUTH
RESOLUTION No. 2010-261
A RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL
2010 MILL AND OVERLAY PROJECT
CITY PROJECT NO. 10005
WHEREAS, bids were received for the improvement of 36th Avenue (Area - 1
located between Zachary Lane and T.H. 169) and the Nathan Lane/Old County Road
15/Revere Lane (Area - 2 located East of Saratoga Lane and South of T.H. 55), by
bituminous resurfacing of the street, replacement of concrete curb and gutter,
driveway entrance repair, repairs to utility strictures, traffic signal loop detectors and
all necessary appurtenances, and the contract price for such improvement is
$431,429.00. Expenses incurred or to be incurred in the making of said improvement
amount is $65,137.26, so that the total cost of the improvement will be $496,566.26.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA:
The portion of the cost of such improvement to be paid by the City of Plymouth is
hereby declared to be $408,250.61 and the portion of the cost to be assessed
against benefited property owners is declared to be $88,315.65.
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, 2010, and shall bear the interest rate of 2.57 percent per annum from
the date of the adoption of the assessment resolution.
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 28" a day of September, 2010.