HomeMy WebLinkAboutCity Council Resolution 2017-239
C ITY OF P LYMOUTH
R ESOLUTION N O. 2017-239
R ESOLUTION A DOPTING A SSESSMENTS
2017 C ONTRACTOR M ILL AND O VERLAY P ROJECT (179004.002)
WHEREAS, pursuant to proper notice duly given as required by law, the City Council has met and
heard and passed upon all objections to the proposed assessment for the improvement of the streets
adjacent to commercial and industrial properties south and west of State Highway 55, east of Interstate
494 and north of and including 16th Avenue, excluding County Road 6 and 61 by edge mill and overlay of
bituminous pavement, replacement of concrete curb and gutter, water repair, sewer repair, and all
necessary appurtenances.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE 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
accepted and shall constitute the special assessment against the lands named therein,
and each tract of land therein included is 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, 2018, and shall bear the interest rate of 3.40% per
annum for a 5 year assessment period. Therefore, the first installment shall be added
interest on the entire assessment from November 1, 2017 until December 31, 2018. To
each subsequent installment when due shall be added interest for one year on all unpaid
installments.
3. Such assessments between $5,001 and $10,000 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, 2018, and shall bear the interest rate
of 3.88% per annum for a 10 year assessment period. Therefore, the first installment
shall be added interest on the entire assessment from November 1, 2017 until December
31, 2018. To each subsequent installment when due shall be added interest for one year
on all unpaid installments.
4. Such assessments over $10,000 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, 2018, and shall bear the interest rate of 4.19% per annum for a 15
year assessment period. Therefore, the first installment shall be added interest on the
entire assessment from November 1, 2017 until December 31, 2018. To each
subsequent installment when due shall be added interest for one year on all unpaid
installments.
5. The owner of any property so assessed may, at any time prior to certification of the
assessment to Hennepin County, 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 by October 31,
2017 and the property owner 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 15 or interest will be charged through December
31 of the next succeeding year. The owner of any property so assessed may also, until
October 31, 2017, 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 November 15 of the
year in which such prepayment is made.
6. The Clerk shall forthwith transmit a certified duplicate of this assessment to Hennepin
County 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.
7. The total cost of the improvement assessed by this resolution is $421,074.04.
APPROVED by the City Council on this 27th day of June, 2017.
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
June 27, 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