HomeMy WebLinkAbout90-50
HERITAGE
1891
COMMUNITY
1991
15JsrJ%
2Q91
RESOLUTION 90-50
RESOLUTION ADOPTING ASSESSMENT FOR
Toronto & Tower Street Improvements
(Project 90-12)
MOTION BY
LARSON
SECONDED BY
FITZGERALD
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 proiect 90-12.
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 10 years. The first
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 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,
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 apportionment has been determined
to be $501,512.81 of which $337,393.66 shall be paid
from the City's Municipal state Aid construction account
and $164,119.15 to be assessed the benefited property
owners as per attached assessment roll.
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}