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RESOLUTION 99-104
RESOLUTION ADOPTING ASSESSMENTS FOR PROJECT #99-13
NORTH SHORE OAKS FIRST ADDITION SANITARY SEWER
AND WATER SERVICE 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 99-13 North
Shore Oaks First Addition Sanitary Sewer and Water Service improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA:
1. 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.
2. Such assessments shall be payable on an equal principal method extending over a period of
five (5) years for Trunk Sewer Acreage 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 eighty-eight (88) days of interest
on the entire assessment from the date of this resolution until December 31,1999. 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 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 $77,305.20 of which
$77,305.20 is to be assessed to the benefited property owners as per the attached
assessment roll.
lk~OOJ:agle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
6. The Trunk Acreage Assessment has been determined to be $10,927.44 and is to be assessed
to the benefited property owners at a rate of $1,365.93 per lot as per the attached assessment
roll.
Passed and adopted this 4th of October, 1999
YES NO
Mader X Mader
Kedrowski X Kedrowski
Petersen X Petersen
Schenck X Schenck
Wuellner X Wuellner
{Seal}
99-104.DOC