HomeMy WebLinkAbout18-168 2018 Mill and Overlay Project
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 18-168
A RESOLUTION ADOPTING ASSESSMENTS FOR THE 2018 MILL AND OVERLAY
IMPROVEMENT PROJECT (CITY PROJECT #STR18-000001)
Motion By: Burkart Second By: McGuire
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 2018
Mill and Overlay Improvement Project, City Project #STR18-000001.
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 2018 Mill & Overlay Improvement Project, City Project
#STR18-000001, 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 assessment in the total amount of $1,200.00 per Residential Equivalent Density shall
be payable on an equal principal method extending over a period of five (5) years, the first of
the installments to be payable on or before the first Monday in January 2019, and shall bear
interest at the rate of four and forty one hundreths (4.41) percent per annum from the date of
the adoption of this assessment resolution. To the first installment of each assessment shall
be added interest on the entire assessment from October 15 until December 31 of the year
in which the first installment is payable, and to each subsequent installment shall be added
interest for one year on all unpaid installments. ach subsequent installment shall be added
interest for one year on all unpaid installments. The portion of the cost of such
improvements to be paid by the City is hereby declared to be $197,050.49 and the portion of
the cost to be assessed against benefited property owners is declared to be $482,306.40.
4. 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 charg ed 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 30 or interest will be charged through December 31 of the next
succeeding year.
5. 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.
Passed and adopted by the Prior Lake City Council this 15th day of October, 2018
N:\City Council\Resolutions\2018\18-168 2018 Mill and Overlay Project.docx 2
VOTE Briggs McGuire Thompson Braid Burkart
Aye ☒ ☒ ☒ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☐
______________________________
Frank Boyles, City Manager