HomeMy WebLinkAbout24-034 PMP Assessment Hearing
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 24-034
A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR THE 2024 PAVEMENT
MANAGEMENT PROJECT (CP 2024-01)
Motion By: Lake Second By: Churchill
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 2024 Pavement Management 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 2024 Pavement Management Project (CP 2024-01), 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
$3,965,894.27 and the portion of the cost to be assessed against benefited property owners
is declared to be $1,640,151.63.
4. Assessments shall be payable on an equal principal installment method extending over a
period of 5 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 5.2% 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 payment, to the City Finance Director, except that no interest
will be charged if the entire assessment is paid by November 15, 2024. 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 15 or interest will be charged through
December 31 of the succeeding year.
6. The Finance Director shall send a certified duplicate of the 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.
2
Passed and adopted by the Prior Lake City Council this 26th day of March 2024.
VOTE Briggs Braid Burkart Churchill Lake
Aye ☐ ☒ ☐ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☒ ☐ ☒ ☐ ☐
______________________________
Jason Wedel, City Manager