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HomeMy WebLinkAboutCity Council Resolution 2017-181CITY OF PLYMOUTH RESOLUTION No. 2017-181 RESOLUTION ADOPTING ASSESSMENTS FOR WATER AND SANITARY SEWER FOR "MEADOW RIDGE PONDS" (2017016) WHEREAS, the City has received a Waiver of Assessment Hearing from the property owner of Meadow Ridge Ponds waiving their right to special assessment hearings for trunk water and sanitary sewer and all other appurtenances. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA: 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 5 years, the first of the installments to be payable on or before the first Monday in January, 2018, and shall bear interest at the rate of 3.4% per annum. To the first installment shall be added interest on the entire assessment calculated from November 1, 2017 to December 31, 2018. 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 make an interest free principal prepayment prior to certification of the assessment to the County Finance Director. Prepayments of the assessment on such property must be received by October 31, 2017. 4. The Clerk shall forthwith transmit a certified duplicate of this assessment to the County Finance Director to be extended on the proper tax lists of the County and 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 $60,868.50. ADOPTED by the City Council on this 9th day of May, 2017. Resolution No. 2017-181 Page 2 of 2 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 May 9, 2017, 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