HomeMy WebLinkAbout17-135 Rolling Oaks Assessment
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 17-135
A RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION
OF PROPOSED ASSESSMENT ROLL FOR THE ROLLING OAKS ROAD IMPROVEMENT
PROJECT #TRN13-000006 AND ESTABLISHING THE DATE OF THE ASSESSMENT
HEARING AND PUBLICATION THEREOF
Motion By: Thompson Second By: Burkart
WHEREAS,
Costs have been determined for the improvement of Rolling Oaks Circle, Project
#TRN13-000006, the City cost for the improvements are $1,015,070; and
WHEREAS, The City Manager notifies the City Council that such 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 improvements to be paid by the City is hereby declared to be
$687,129, and the portion of the cost to be assessed against benefited property owners is
declared to be $327,941.
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 3.8% 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 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 2nd day of October, 2017, 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, to the City Finance Director, except th at 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, with interest accrued to December 31 of
2
the year in which such payment is made. Such payment must be made before November 11
or interest will be charged through December 31 of the succeeding year.
Passed and adopted by the Prior Lake City Council this 5th day of September, 2017
VOTE Briggs McGuire Thompson Braid Burkart
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager