HomeMy WebLinkAbout17-157 Rolling Oaks Adopt Assessments
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 17-157
A RESOLUTION ADOPTING ASSESSMENTS FOR THE ROLLING OAKS IMPROVEMENT
PROJECT (CITY PROJECT #TRN13-000006)
Motion By: Briggs Second By: Thompson
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 Rolling
Oaks Improvement Project, City Project #TRN13-000006.
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 Rolling Oaks Improvement Project, City Project #TRN13-
000006, 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 portion of the cost of such improvements to be paid by the City is hereby declared to be
$694,629, and the portion of the cost to be assessed against benefited property owners is
declared to be $287,696.
4. Assessments shall be payable on an equal principal installment method extending over a
period of ten (10) years for the street improvements and over a period of five (5) years for
the connection fees. 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
following year and shall bear interest at the rate of 3.8% per annum from the date of the
adoption of the assessment resolution.
5. 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.
6. The Finance Director shall forthwith transit 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.
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Passed and adopted by the Prior Lake City Council this 2nd day of October 2017
VOTE Briggs McGuire Thompson Braid Burkart
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager