HomeMy WebLinkAbout00-76 RESOLUTION 00-76
A RESOLUTON ADOPTING ASSESSMENTS
FOR PROJECT #14-00 LINDEN CIRCLE IMPROVEMENTS
Motion By: PETERSEN Second By: GUNDLACH
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 #14-00 Linden
Circle Improvements, and has amended such proposed assessments as it deems just.
NOW THEREFORE, be it resolved by the City Council of the City of Prior Lake that the following are
hereby adopted:
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 paying. 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 from the date of adoption of this assessment
resolution. To the first installment shall be added one hundred seventeen (117) days of interest on
the entire assessment from the date of this resolution until December 31, 2000. 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 City Manager shall forthwith transmit a certified duplicate of this assessment roll 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 $93,017.87 of which $10,125.00
shall be paid from the City's Trunk Reserve Fund, and $82,892.88 to be assessed to the benefited
property owners as per the attached assessment roll.
PASSED AND ADOPTED THIS 5TH DAY OF SEPTEMBER, 2000.
YES NO
Mader X Mader
Ericson X Ericson
Gundlach X Gundla-ch
1C~t2Y0~~~ 0U~~a~i Petersen x Petersen
vacant Vacant
Iy of Prior Lake
we. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
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