HomeMy WebLinkAboutCity Council Resolution 2010-281CITY OF PLYMOUTH
RESOLUTION NO. 2010-281
ADOPTING ASSESSMENTS
CAMPUS DRIVE / 26TH AVENUE MILL AND OVERLAY PROJECT
ASSESSMENTS FROM $51001-$101000
CITY PROJECT NO. 8107
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 Campus Drive / 26t1' Avenue between Northwest Boulevard
and Teakwood Lane 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.
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 assessment 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, 2011, and shall bear
the interest rate of 3.69% 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
3. 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 29 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.
4. 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.
5. The total cost of the improvement assessed by this resolution is
$12,195.18
Approved this 12th day of October, 2010
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 12, 2010 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