HomeMy WebLinkAbout04-136
RESOLUTION 04-136
MOTION BY: ZIESKA
SECOND BY: LEMAIR
WHEREAS, a Contract has been let and costs have been determined for the reconstruction of Main
Avenue and Dakota Project, Project 04-01 and the contract price for such improvements is
$1,439,000 and the expenses incurred or to be incurred in the making of such
improvements amount to $324,480 so that the total cost of the improvements will be
$1,763,480.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF PRIOR LAKE,
MINNESOTA:
1 . The recital set forth above is incorporated herein.
2. The portion of the cost of such improvements is to be paid by the City is hereby declared to be
$1,372,308 and the portion of the cost to be assessed against benefited property owners is
declared to be $391,172.
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 the next year
and shall bear interest at the rate of a minimum of 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 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 City Council Chambers at 7:00
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
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Phone 952.447.4230 / Fax 952.447.4245
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 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.
Blomber
Hau en
LeMair
Petersen
Zieska
YES
X
X
X
X
X
NO
Blomber
Hau en
LeMair
Petersen
Zieska
{Seal}
Frank Boyles, City Manager