HomeMy WebLinkAbout15-171 Maple Lane, Mushtown Rd, Panama Ave PRI°
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4646 Dakota Street SE
`�rINrvEsoPrior Lake, MN 55372
RESOLUTION 15-171
A RESOLUTION ADOPTING ASSESSMENTS FOR THE MAPLE LANE, MUSHTOWN ROAD, PANAMA
AVENUE IMPROVEMENT PROJECT (CITY PROJECT#TRN14.000001)
Motion By: McGuire Second By: Keeney
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 assessments for the Maple Lane, Mushtown
Road, Panama Avenue Improvement Project, City Project#TRN14-000001.
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 proposed assessment for the Maple Lane, Mushtown Road, Panama Avenue Improvement Project,
City Project #TRN14-000001, a copy of which is attached hereto and made part hereof, is hereby
accepted and shall constitute the special assessment against the lands named therein, and each tract of
land therein included is hereby found to be benefitted by the proposed improvement in the amount of the
assessment levied against it.
3. The assessment shall be payable on an equal principal method extending over a period of five (5) years
for hookup charges, ten (10) years for street and storm improvements, twenty (20) years for sanitary
sewer and watermain improvements, the first of the installments to be payable on or before the first
Monday, in January 2016, and shall bear interest at the rate of four and forty-four hundredths (4.44)
percent per annum from the date of the adoption of this assessment resolution. To the first installment of
each assessment shall be added interest on the entire assessment from October 27 until December 31
of the year in which the first installment is payable, and to each subsequent installment shall be added
interest for one year on all unpaid installments.
4. 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 thirty (30)
days, and he/she may, at any time thereafter, pay to the city treasurer the entire amount of the
assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment
is made. Such payment must be made before November 25 or interest will be charged through December
31 of the next succeeding year.
5. The Finance Director 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.
PASSED AND ADOPTED THIS 26th DAY OF OCTOBER 2015.
VOTE Hedberg Keeney McGuire Morton Thompson
Aye a a a ® ❑
Nay ❑ ❑ ❑ ❑ ZI
Abstain ❑ ❑ ❑ ❑ ❑
Absent ❑ ❑ ❑ E ❑
9,j '
'A
Frank Bo arty Manager
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