HomeMy WebLinkAbout11-114 Assessment Roll Project 11-011
4646 Dakota Street SE
Prior Lake, M N 55372
RESOLUTION 1 1 - 114
A RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL FOR THE 2011 IMPROVEMENT PROJECT # 11 - 011 AND
ESTABLISHING THE DATE OF THE ASSESSMENT HEARING AND PUBLICATION THEREOF
Motion By: Soukup Second By: Erickson
WHEREAS, A contract has been let and costs have been determined for the improvement of the 2011
Improvement (Boudins Phase I ), Project 11 - 011, the City cost for the improveme nts are
$2,737,588.54 ; and
WHEREAS, The City Manager noti fies the City Council that such proposed assessment will be
completed and filed in the City Manager’s office for public inspection.
NOW THEREFORE , BE IT HEREBY RESOLVE D BY THE CITY COUNCI L OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth abo ve are incorporated herein.
2. The portion of the cost of such improvements to be paid by the City is her eby declared to be
$2,002,754.14 , and the portion of the cost to be assessed against benefited property owners is
declared to be $734,834.40 .
3. Assessments shall be payable on an equal principal installment method extending over a period of 10
years for street improvements. The first installment shall be the annual principal plus interest calculated
from the public hearing date to the end of this year plus tw elve months of the next year and shall bear
interest at the rate of 4.0 6 % per annum from the date of the adoption of the assessment resolution.
4. The City Manager, with the assistance of the City Engineer shall forthwith calculate the proper amount
to be spe cially assessed for such improvements against every assessable lot, piece or parcel of land
within the district affected, without regard to cash valuation, as provided by law, and shall file a copy of
such proposed assessment in the office of the City Mana ger for public inspection.
5. T he City Manager shall upon the completion of such proposed assessment notify the City Council
thereof.
6. A public hearing shall be held on the 17 day of October, 2011, in City Council Chambers at 7 :00 P.M.
th
to pass upon such prop osed assessment and at such time and place all persons owning property
affected by such improvement will be given the opportunity to be heard with reference to such
assessment.
7. The City Manager is hereby directed to cause a notice of the public hearing on the proposed
assessment to be published once in the official newspaper of the City at least two weeks prior to the
hearing, and the City Manager shall also cause mailed notice to be given to the owner of each parcel
described in the assessment roll not les s than two weeks prior to the hearing.
8. 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
payment, to the City Finance Director, except that no interest will be charged if the entire assessment is
paid within 30 days from the adoption of the assessment. The owner may, at any time thereafter, pay
to the City Finance Director the entire amount of the asses sment remaining unpaid, excepting the
installment portion appearing upon the current year’s property tax statement.
PASSED AND ADOPTED THIS 19 th DAY OF SEPTEMBER 201 1 .
YES NO
Myser X Myser
Erickson X Erickson
Hedberg Absent Hedberg
Keeney X Keeney
Soukup X Soukup
______________________________
Frank Boyles, City Manager
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