HomeMy WebLinkAbout00-110RESOLUTION 00-110
RESOLUTION ADOPTING ASSESSMENTS FOR PROJECT #12-00
OAK RIDGE CIRCLE, FLANDRAU CIRCLE, FULBRIGHT CIRCLE, INDIAN RIDGE CIRCLE,
EUCLID AVENUE, MAVES TRAIL, FORSYTHE ROAD, SHANNON TRAIL, PRIOR CIRCLE
AND SHANNON CIRCLE IMPROVEMENTS
MOTION BY: ERICSON
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 12-00 Oak Ridge Circle, Flandrau Circle,
Fulbright Circle, Indian Ridge Circle, Euclid Avenue, Mares Trail, Forsythe Road, Shannon Trail, Prior
Circle and Shannon Circle Improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA:
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.
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 the first
installment shall be added seventy-six (76) days of interest on the entire assessment from the date this
resolution is adopted to December 31, 2000. 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.
5. The final project cost apportionment has been determined to be $1,167,292.00 of which $555,032.46 and
I~61~00 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
$242,237.00 shall be paid from Tax Levy and the City's Trunk Reserve Fund, respectively, and
$370,022.54 to be assessed to the benefited property owners at the unit assessment rate of $4,512.47 per
unit as per the attached assessment roll.
Passed and adopted this 16th of October, 2000.
{Seal}
YES NO
Mader Absent Mader ~,bsent
Ericson X Ericson
Gundlach X Gundlach
Petersen X Petersen
Zieska X Zieska
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