HomeMy WebLinkAbout17-172 Cates Area Reconstruction Adopt Assessments
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 17-172
A RESOLUTION ADOPTING ASSESSMENTS FOR THE CATES AREA ROAD
RECONSTRUCTION IMPROVEMENT PROJECT (CITY PROJECT #TRN17-000002)
Motion By: McGuire 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 Cates Area Road
Reconstruction Improvement Project, City Project #TRN17-000002.
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 Cates Area Road Reconstruction Improvement Project, City Project
#TRN17-000002, 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 amoun t 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
$1,092,546, and the portion of the cost to be assessed against benefited property owners is declared to
be $323,297.
4. Assessments shall be payable on an equal principal installment method extending over a period of ten
(10) years for the 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 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 a ssessment 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 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 by the Prior Lake City Council this 16th day of October 2017
2
VOTE Briggs McGuire Thompson Braid Burkart
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager