HomeMy WebLinkAbout17-146 Balsam Area Reconstruction Set Assessment
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 17-146
A RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION
OF PROPOSED ASSESSMENT ROLL FOR THE BALSAM AREA ROAD IMPROVEMENT
PROJECT #TRN17-000003 AND ESTABLISHING THE DATE OF THE ASSESSMENT
HEARING AND PUBLICATION THEREOF
Motion By: Thompson Second By: McGuire
WHEREAS, Costs have been determined for the improvement of the Balsam Area
Reconstruction, Project #TRN17-000003, the total cost for the improvements
are $1,251,397; and
WHEREAS, Costs have been determined for the improvement of the Balsam Area
Reclamation, Project #TRN17-000003, the total cost for the improvements are
$324,929; 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 reconstruction improvements to be paid by the City is hereby
declared to be $986,184, and the portion of the cost to be assessed against benefited property
owners is declared to be $265,212.
3. The portion of the cost of reclamation improvements to be paid by the City is hereby declared
to be $194,958, and the portion of the cost to be assessed against benefited property owners
is declared to be $129,972.
4. 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 3.80% per annum from the date of the
adoption of the assessment resolution.
5. 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.
6. The City Manager shall upon the completion of such proposed assessment notify the City
Council thereof.
7. A public hearing shall be held on the 16th 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.
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8. 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.
9. 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 int erest
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
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 THIS18th DAY OF SEPTEMBER 2017.
VOTE Briggs McGuire Thompson Braid Burkart
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager