HomeMy WebLinkAbout03-169 16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 03-169
RESOLUTION ADOPTING ASSESSMENTS FOR PROJECT #03-11 FOR
CONDONS STREET, HOPE STREET, MITCHELL CIRCLE, AND 150TM STREET IMPROVEMENTS
MOTION BY: ZIESKA SECONDBY: PETERSEN
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 assessments for Project 03-11 Condons Street, Hope Street,
Mitchell Circle, and 150"~ Street Improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA:
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 six (6) percent per annum from the date of adoption of this assessment resolution. To the first
installment shall be added eighty-six (86) days of interest on the entire assessment from the date this
resolution is adopted to December 31, 2003. 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 has been determined to be $2,386,342.92 of which $947,389.67,
$77,108.76, $80,000.00, $100,611.10 and $600,930.92 shall be paid from Tax Levy, City's Trunk Reserve
Fund, Water Quality Fund, Collector Street, and Enterprise Fund, respectively, and $580,302.47 to be
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assessed to the benefited property owners at the assessment rate of $6,346.43 per unit for properties on
150th Street, $5,204.86 per unit for properties on Condons Street, Hope Street, and Mitchell Circle, and
$13,012.14 per unit for propedies on Hope Street assessed at the 100% rate, as per the attached
assessment roll.
Passed and adopted this 6th of October, 2003.
YES NO
Haugen X Haugen
Blomber9 X Blomber9
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
Frank Boyles, City Manager
03-169