HomeMy WebLinkAbout05-16016200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 05-160
RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL FOR THE 2005 IMPROVEMENT PROJECT CITY PROJECT
05-01 & 05-11 AND ESTABLISHING THE DATE OF THE ASSESSMENT HEARING
MOTION BY: Zieska
SECOND BY: Fleming
WHEREAS,
a Contract has been let and costs have been determined for the improvement of
Fish Point Road, Fairlawn Shores Trail, 150th Street, Bluedorn Circle, Candy
Cove Trail and Centennial Street, Project 05-01 and 05-11, the contract price for
such improvements is $3,513,985.16 and the expenses incurred or to be
incurred in the making of such improvements amount to $476,907, so that the
total cost of the improvements will be $3,990,892.16 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 RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA, THAT:
1. The recitals set forth above are incorporated herein.
The portion of the cost of such improvements to be paid by the City is hereby declared
to be $2,939,332.16, and the portion of the cost to be assessed against benefited
property owners is declared to be $1,051,560.00.
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 a minimum of 6%
per annum from the date of the adoption of the assessment resolution.
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 he 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.
R:;RESOLUTI\ENG&PW RES~2005\05-160 2005 Special Assessment Roll and Set Hearing Date. DOC
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245
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A public hearing shall be held on the 17th day of October, 2005, 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.
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.
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
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, excepting the
installment portion appearing upon the current year's property tax statement.
PASSED AND ADOPTED THIS 19TM DAY OF SEPTEMBER, 2005.
YES NO
Haugen X Haugen
Fleming X Fleming
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
{ Seal }
Frank Boyles, C~i~~
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