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RESOLUTION 95-89
RESOLUTION ADOPTING ASSESSMENTS
FOR
CREEKSIDE CIRCLE STREET IMPROVEMENTS
PROJECT # 95-02
MOTION BY:
SCHENCK
SECOND BY:
KEDROWSKI
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 assessment
for the improvements of Project # 95-02.
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 accepting 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 10 years. 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 nexryear and shall bear interest at the rate of .8.
percent per annum from the date adoption of this assessment resolution. To
the first installment shall be added interest on the entire assessment from the
date of this resolution until December 31, 1996. To each subsequent
installment when due shall be added interest for one year on all unpaid
installments.
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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 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 $163,700.00
of which $65,500.00 shall be paid from the City's Ad Valorem Tax Levy,
and $98,200.00 to be assessed to the benefited property owners as per
attached assessment roll.
Passed and Adopted this 18th day of September, 1995
YES
NO
Andren
Greenfield
Kedrowski
Schenck
Scott
Frank Bo es
City M r
City of Prior Lake
{Seal}