HomeMy WebLinkAbout15-151 Call for Assessments - City Project #TRN15-000004 O� P RIp�
4646 Dakota Street SE
�1NNESO""' Prior Lake, MN 55372
RESOLUTION 15-151
A RESOLUTION DECLARING COSTS TO BE ASSESSED, ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL AND ESTABLISHING THE DATE OF THE ASSESSMENT HEARING
AND PUBLICATION THEREOF
FOR THE 2015 STREET IMPROVEMENT PROJECT, CITY PROJECT#TRN15-000004
Motion By: Keeney Second By: McGuire
WHEREAS, A contract has been let and costs have been determined for the 2015 Street Improvement
Project, City Project#TRN 15-000004, the City cost for the improvements are $4,201,957.03;
and
WHEREAS, The City Manager notifies the City Council that such a proposed assessment will be completed
and filed in the City Manager's office for public inspection.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The portion of the cost of such improvement to be paid by the City is hereby declared to be
$4,201,957.03, and the portion of the cost to be assessed against benefited property owners is
declared to be $928,605.93.
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 (12) months of the next year
and shall bear interest at the rate of 4.44% per annum from the date of the adoption of the assessment
resolution.
4. The City Manager, with the assistance of the Public Works Director, 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. 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 261" day of October 2015, 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 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, 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 unpaid, excepting the
installment portion appearing upon the current year's property tax statement.
PASSED AND ADOPTED THIS 14th DAY OF SEPTEMBER 2015.
VOTE Hedberg Keeney McGuire Morton Thompson
Aye o 0 0 ❑ ❑
Nay ❑ ❑ ❑ ❑ ❑
Abstain ❑ ❑ ❑ ❑ ❑
Absent ❑ ❑ ❑ ❑x ❑x
FrankBo l ity anager
2