HomeMy WebLinkAbout02-174 RESOLUTION 02-174
RESOLUTION ADOPTING ASSESSMENTS FOR PROJECT #02-11
FOR GREEN OAKS TRAIL, PIXIE POINT CIRCLE, LORI ROAD
AND ESTATE AVENUE IMPROVEMENTS
Motion By: PETERSEN Second By: GUNDLACH
WHEREAS, pursuant to proper notice duly given as required by law, the Council has met, heard and
passed upon all objections to the proposed assessments for Project 02-11 Green Oaks
Trail, Pixie Point Circle, Lori Road and Estate Avenue Trail Improvements.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA that:
1. Such proposed assessment, a copy of which is attached hereto and made 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 assessments shall be payable on an equal principal method extending over a period of ten
(10) years for paving. The first installment shall be the annual principal plus interest calculated from
the Public Hearing date to the end of this year plus twelve months of the next year and shall bear
interest at the rate of eight percent (8%) per annum form the date of adoption of this assessment
resolution. To the first installment shall be added seventy-one (71) days of interest on the entire
assessment form the date this resolution is adopted to December 31, 2002. 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 Auditor, pay the whole of the assessment on such property, with interest accrued to the
date of the payment, except that no interest will be charged if the entire assessment is paid within
thirty (30) days, and the individual may at any time thereafter, pay to the City's Finance Director the
entire amount of the assessment remaining unpaid, excepting the installment portion appearing
upon the current year's property tax statement.
4. The Finance Director shall forthwith transmit a certified duplicate of this assessment to the County
Auditor to be extended on the property tax lists of Scott County. Such assessments shall be
collected and paid to the City in same manner as other municipal taxes.
5. The final project cost apportionment ahs been determined to be $1,778,892.00 of which
$635,949.00, $220,400.00, $80,000.00 and $418,578.00 shall be paid from Tax Levy, City's Trunk
Reserve Fund, Water Quality Fund, and Enterprise Fund, respectively, and $423,965.00 to be
assessed to the benefited property owners at the assessment rate of $5,108.00 per unit as per the
attached assessment roll.
PASSED AND ADOPTED THIS 21st DAY OF OCTOBER, 2002.
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
YES NO
Haugen X Haugen
Gundlach X Gundlach
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
City Manager, City of Prior Lake
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