HomeMy WebLinkAbout12-131 Assessment Roll Improvement Project #12-011
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 2 - 131
A RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL FOR THE 2012 IMPROVEMENT PROJECT 12 - 011 AND
ESTABLISHING THE DATE OF THE ASSESSMENT HEARING AND PUBLICATION THEREOF
Motion By: Keeney Second By: Erickson
WHEREAS, A contract has been let and costs have been determined for the improvement of Boudin's
Phase I I, Project 12 - 011, the City cost for the improveme nts are $2, 250,695.28 ; and
WHEREAS, The City Manager notifies 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 above are incorporated he rein.
2. The portion of the cost of such improvements to be paid by the City is her eby declared to be
$1,711,367.28 , and the portion of the cost to be assessed against benefited property owners is
declared to be $ 539,328 .
3. Assessments shall be payable on an eq ual 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 twelve months of the next y ear and shall bear
interest at the rate of 3.98 % 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 specially 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 Manager 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 24 day of September, 2012 , in City Council Chambers at 7 :00
th
P.M. to pass upon such proposed 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 less 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 assessment remaining un paid, excepting the
installment portion appearing upon the current year’s property tax statement.
PASSED AND ADOPTED THIS 27 th DAY OF AUGUST 201 2 .
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Soukup X Souku p
______________________________
Frank Boyles, City Manager
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