HomeMy WebLinkAbout98-143RESOLUTION 98-143
RESOLUTION ADOPTING ASSESSMENTS FOR PROJECT 97-17, PIKE LAKE TRAIL
IMPROVEMENTS
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 project 97-17, Pike Lake Trail
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 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 (8) percent per annum from the date of adoption of this
assessment resolution. 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,
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.
162~(~^,~f~ Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLbYER
o
The final project cost apportionment for paving has been determined to be
$305,536.02 of which $81,062.92 shall be paid from Municipal State Aid
funds and $224,473.10 to be assessed to the benefited property owners as
per the attached assessment roll.
Passed and adopted this 21st day of December, 1998
YES NO
{Seal}
Kedrowski
Mader
Petersen
Schenck
Wuellner
X Kedrowski
X Mader
X Petersen
tyC~ior Lake
PLTAH2.DOC