HomeMy WebLinkAboutCity Council Resolution 2018-188
C ITY OF P LYMOUTH
R ESOLUTION N O. 2018-188
R ESOLUTION A DOPTING A SSESSMENTS
2018 P UBLIC W ORKS M ILL AND O VERLAY P ROJECT (ST189004.001)
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 the following locations: The
streets west of Vicksburg Lane, north of Rockford Road, south of Old Rockford Road, and east of Dunkirk Lane,
excluding Yuma Lane, Xene Lane, and 41st Avenue east of Xene Lane; west of Interstate 494, north of 46th
Place, south of Schmidt Lake Road, and east of Fernbrook Lane; north of Rockford Road, east of Fernbrook Lane,
south of and including 42nd Avenue and Berkshire Court, and west of and including Berkshire Lane except for
1,320 feet north of Rockford Road; south of Rockford Road, east of Interstate 494, west of Xenium Lane, and
north of and including Zinnia Lane and 36th Avenue, as well as 39th Avenue east and west of Xenium Lane; west
of West Medicine Lake Drive, north of 28th Avenue and 28th Place, east of Northwest Blvd, and south of 31st
Avenue, excluding Norwood Lane south of 29th Avenue; 30th Avenue, Magnolia Lane, and Larch Lane east of
West Medicine Lake Drive 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, 2019, and shall bear the interest rate of 3.22% per annum for a 5 year
assessment period. Therefore, the first installment shall be added interest on the entire
assessment from November 1, 2018 until December 31, 2019. 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, 2019, and shall bear the interest rate of 3.54% per annum for a 10 year
assessment period. Therefore, the first installment shall be added interest on the entire
assessment from November 1, 2018 until December 31, 2019. 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, 2019, and shall bear the interest rate of 3.8% per annum for a 15 year assessment
period. Therefore, the first installment shall be added interest on the entire assessment from
November 1, 2018 until December 31, 2019. 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, 2018 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, 2018, 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 $478,873.88.
APPROVED by the City Council on this 8th day of May, 2018.
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 8, 2018
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