HomeMy WebLinkAbout90-51
MOTION BY
HERITAGE
1891
COMMUNITY
1991
20J/
re-J:x!J %
RESOLUTION 90-51
RESOLUTION ADOPTING ASSESSMENT FOR
North Shore Oaks 2nd & 3rd Addition Improvements
(Project 90-13)
FITZGERALD
SECONDED BY
SCOTT
WHEREAS, ~ursuant to proper notice duly given as required by law,
the Councl1 has met and heard and passed upon all objections to
the proposed assessment for the improvements of Project 90-13.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF
PRIOR LAKE, MINNESOTA:
1. Such proposed assessment, a copr of which is attached
hereto and made a part hereof, lS hereby acce~ted and
shall constitute the special assessment agalnst the
lands named therein, and each tract of land therein
included is hereby found to be benefited by the proposed
improvement in the amount of the assessment levied
against it.
2. Such assessment shall be parable on an equal principal
method extending over a perlod of 5 years for trunk
acreage, 10 years for paving and 20 for sewer and water.
The firs~installment shall be the annual principal
plus interest calculated from the public hearing date to
the end of this year plus the twelve months of the next
year and shall bear interest at the rate of 8 percent
per annum from the date of the adoption- of this
assessment resolution. To the first installment shall
be added interest on the entire assessment from the date
of this resolution until December 31, 1991. To each
subsequent installment when due shall be added interest
for one year on all unpaid installments.
3. The owner of anr property so assessed may, at any time
prior to certiflcation of the assessment to the County
Auditor, pay the whole of the assessment on such
property, with interest accrued to the date of payment,
except that no interest will be charged if the entire
assessment is paid within 30 days; and an individual 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.
4. The City Manager 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 same manner as other municipal taxes.
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245
5. The final project cost ap~ortionment has been determined
to be $4l8,550.22 which Includes $35,346.27 of trunk
oversizing costs. Of this total, $415,241.45 is to be
assessed the benefited property owners as ~er attached
assessment roll and $3,308.77 shall be pald from the
city's Trunk Reserve Fund.
Passed and adopted this 17th day of September, 1990.
YES NO
Andren X Andren
Fitzgerald X- Fitzgerald
Larson X- Larson
Scott X- Scott
White X- White
{Seal}