HomeMy WebLinkAbout99-117
RESOLUTION 99-117
RESOLUTION ADOPTING ASSESSMENTS FOR PROJECT #99-11
CANDY COVE/LAKESIDE MANOR IMPROVEMENTS
MOTION BY:
Kedrowski
SECOND BY
Wuellner
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 99-
11 Candy Cove/Lakeside Manor improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA:
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 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 sixty (60) days of interest on the entire assessment from the date this
resolution is adopted to 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.
WOO.~le Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
5. The final project cost apportionment has been determined to be $872,996.48 of which
$458,267.89 and $109,217.10 shall be paid from Tax Levy and the City's Trunk
Reserve Fund, respectively, and $305,511.49 to be assessed to the benefited property
owners at the unit assessment rate of $3,357.27 per unit as per the attached
assessment roll.
Passed and adopted this 1 st of November, 1999
Mader
Kedrowski
Petersen
Schenck
Wuellner
YES
X
X
X
X
X
NO
{Seal}
99IMPAHC.DOC