HomeMy WebLinkAbout23-049 Assessment roll for the Fish Point Phase 2 Improvement Project (CP 2023-02)
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 23- 49
A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR THE FISH POINT PHASE 2
IMPROVEMENT PROJECT (CP 2023-02)
Motion By: Burkart Second By: Braid
WHEREAS, Pursuant to proper notice duly given as required by law, the City Council has
met, heard and passed upon all objections to the proposed assessments for
the Fish Point Phase 2 Improvement Project.
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 Fish Point Phase 2 Improvement Project (CP 2023-02), 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
$5,241,698, and the portion of the cost to be assessed against benefited property owners is
declared to be $440,592.
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 October 27, 2023 to the end of this year, plus twelve months of
the next year, and shall bear interest at the rate of 4.62% per annum.
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 payment, to the City Finance Director, except that no interest
will be charged if the entire assessment is paid by October 27, 2023. 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 14 or interest will be charged through
December 31 of the succeeding year.
6. The Finance Director shall send 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.
M:\City Clerk\City Council\Resolutions\2023\23-49 Assessment roll for the Fish Point Phase 2 Improvement Project (CP 2023-02).docx
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Passed and adopted by the Prior Lake City Council this 20th day of March 2023.
VOTE Briggs Braid Burkart Churchill Lake
Aye ☒ ☒ ☒ ☒ ☐
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☐ ☐ ☐ ☐ ☒
______________________________
Jason Wedel, City Manager