HomeMy WebLinkAbout15-172 2015 Improement Project O� PRIo�'
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4646 Dakota Street SE
41INxEsol Prior Lake, MN 55372
RESOLUTION 15-172
A RESOLUTION ADOPTING ASSESSMENTS FOR THE 2015 IMPROVEMENT PROJECT, CITY
PROJECT#TRN15-000004 STREET IMPROVEMENTS
Motion By: McGuire Second By: Morton
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 2015 Street Improvement
Project, City Project#TRN 15-000004
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 2015 Street Improvement Project, City Project#TRN 15-000004, 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 ten (10)
years for street and storm 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 September 14, 2015 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 15 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 the same manner as other municipal taxes.
PASSED AND ADOPTED THIS 26h DAY OF OCTOBER, 2015.
VOTE Hedberg Keeney McGuire Morton Thompson
Aye ® ►_�
Nay ❑ ❑ ❑ ❑ ❑
Abstain ❑ ❑ ❑ ❑ ❑
Absent 0 ❑ ❑ ❑ 0
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411
Frank Boyi M,nager
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