HomeMy WebLinkAboutCity Council Resolution 2010-282CITY OF PLYMOUTH
RESOLUTION NO. 2010-282
ADOPTING ASSESSMENTS
CAMPUS DRIVE / 26TH AVENUE MILL AND OVERLAY PROJECT
ASSESSMENTS UP TO $101001 AND HIGHER
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 / 26th 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 15 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 4.29% 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, 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
$44,504.29
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