HomeMy WebLinkAbout98-110RESOLUTION 98-110
RESOLUTION ADOPTING ASSESSMENTS FOR PROJECTS ~8-14 PLEASANT STREET,
COLORADO STREET, BIRCH AVENUE AND WEST AVENUE, ~8-15 PLEASANT STREET
OVERLAY AND ~8-16 DULUTH AVENUE
MOTION BY: KEDROWSKI
SECOND BY 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 projects 98-
14 Pleasant Street, Colorado Street, Birch Avenue and West Avenue improvements,
98-15 Pleasant Street Overlay, and 98-16 Duluth Avenue improvements, and has
amended such proposed assessment as it deems just.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA:
Such proposed assessment as amended, 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.
Such assessments shall be payable on an equal principal method extending
over a period of five (5) years for Trunk Sewer Acreage, a period of ten (10)
years for paving, and a period of twenty (20) years for sanitary sewer and
water. 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 (8)
percent per annum from the date of adoption of this assessment resolution.
To the first installment shall be added one hundred-one (101) days of
interest on the entire assessment from the date of this resolution until
December 31, 1998. To each subsequent installment when due shall be
added interest for one year on all unpaid installments.
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,
16200 F~~k Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
excepting the installment portion appearing upon the current year's property
tax statement.
The City Manager 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.
The final project cost apportionment has been determined to be
$1,685,000.00 of which $687,920.24, $150,000.00, and $260,000.00 shall
be paid from Tax Levy, Municipal State Aid, and the City's Trunk Reserve
Fund, respectively, and $587,079.76 to be assessed to the benefited
property owners as per the attached assessment roll.
The Trunk Acreage Assessment has been determined to be $1,750.00
and is to be assessed to the benefited property owners as per the attached
assessment roll.
Passed and adopted this 21st of September, 1998
YES NO
{Seal}
Mader
Kedrowski
Petersen
Schenck
Wuellner
X Mader
X Kedrowski
X Petersen
X Schenck
RES98110.DOC