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RESOLUTION 89-24
RESOLUTION ADOPTING ASSESSMENT FOR
Project 89-11 Downtown street Improvements
MOTION BY
LARSON
SECONDED BY SCOTT
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 assessment for the improvements of proiect 89-11.
NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF
PRIOR LAKE, MINNESOTA:
1. Such proposed assessment, a copy of which is attached
hereto and made a 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 benefited by the proposed
improvement in the amount of the assessment levied
against it.
2. Such assessment shall be payable 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, 1990. 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 cost apportionment is to be $591,263.43 which
shall be paid by the City by special ad valorem levy and
$525,611.57 to be assessed the benefited property owners
as per attached assessemnt roll.
Passed and adopted this 18th day of September, 1989.
YES NO
Andren X Andren
Fitzgerald X Fitzgerald
Larson X- Larson
Scott X- Scott
White White
{Seal}
D ld J. Unmache
City Manager
City of Prior Lake