HomeMy WebLinkAbout04-135
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 04-135
A RESOLUTION DECLARING COSTS TO BE ASSESSED, ORDERING THE PREPARATION
OF PROPOSED ASSESSMENT ROLL, AND ESTABLISHING THE DATE OF THE
ASSESSMENT HEARING FOR THE RING ROAD PHASE 3/ CH23/ TH 13/ FIVE HAWKS
IMPROVEMENT PROJECT (CITY PROJECT 02-06)
Motion By: PETERSEN
Second By: BLOMBERG
WHEREAS, a contract has been let and costs have been determined for the improvement of Tower
Street (Ring Road) from Duluth Avenue to CSAH 23, 170th Street CSAH 23 to TH 13,
CSAH 23 (Panama Avenue) from the southern City limits to TH 13, a new traffic signal and
appurtenant work on TH 13 at CSAH 23 / Five Hawks Project 02-02, and the contract price
for such improvements is $2,018,386 and the expenses incurred or to be incurred in the
making of such improvements amount to $737,902 so that the total cost of the
improvements will be $2,756,288.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, MINNESOTA
that:
1. The recitals set forth above are incorporated herein.
2. The portion of the costs of such improvements is to be paid by the City is hereby declared to be
$2,271,738 and the portion of the costs to be assessed against benefited property owners is
declared to be $484,550.
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 twelve months of then ext year
and shall bear interest at the rate of a minimum of 80/0 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
he shall file a copy of such proposed assessment in the office of the City Manager for public
inspection.
5. The City Manager shall upon the completion of such proposed assessment notify the City Council
thereof.
6. A public hearing shall be held on the 4th day of October, 2004, in the City Council Chambers at
7:00pm 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.
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245
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 ot the
date of payment, ot 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 property owner may,
at any time thereafter, pay to the City Finance Director the entire amount of the assessment
remaining unpaid, excepting the installment portion appearing upon the current year's property tax
statement.
PASSED AND ADOPTED THIS 7TH DAY OF SEPTEMBER, 2004.
YES
NO
Haugen X Haugen
Blomberg X Blomberg
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
ru-Jf-
City Manager, City of Prior Lake
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