HomeMy WebLinkAbout11-123 Assess Boudin's Neighborhood, Phase I
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 1 - 123
A RESOLUTION ADOPTING ASSESSMENTS FOR THE 2011 IMPROVEMENT PROJECT, CITY PROJECT
#11 - 011 BOUDIN’S NEIGHBORHOOD IMPROVEMENTS, PHASE I
Motion By: Hedberg Second By: Erickson
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 the 2011 Improvement
Project, City Project # 11 - 011, Boudin’s Neighborhood Improvements, Phase I.
NOW THEREFORE , BE IT HEREBY RESOLVE D BY THE CITY COUNCI L OF PRIOR LAKE, MIN NESOTA as
follows:
1. The recitals set forth above are incorporated herein.
2. The proposed assessment for the 2011 Improvement Project, City Project #11 - 011, Boudin’s Neighborhood
Improvements , Phase I , 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 benefitted by the proposed improvement in the amount of the assessment levied against it.
3. The assessment 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 prin cipal plus interest calculated from the Public Hearing date
to the end of this year plus twelve months of the next year and shall bea r interest at the rate of four and six
hundredths (4.06 ) percent per annum from the date of adoption of this assessment res olution. To the first
installment shall be added seventy - five (7 5 ) days of interest on the entire assessment from the date this
resolution is adopted to December 31, 2011. To each subsequent installment when due shall be added interest
for one year on al l unpaid installments.
4. 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 ap pearing upon the current year’s property tax statement.
5. The Finance Director 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 collec ted and paid to the City in
same manner as other municipal taxes.
6. The portion of the cost of such improvements to be paid by the City is hereby declared to be $2,002,754.14 and
the portion of the cost to be assessed against benefitted property owners is de clared to be $734,834.40.
PASSED AND ADOPTED THIS 17 DAY OF OCTOBER , 201 1 .
th
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney Absent Keeney
Soukup Absent Soukup
______________________________
Frank Boyles, City Manager