HomeMy WebLinkAbout07-190 Assess Ida Circle
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4646 Dakota Street S.E.
Prior Lake, MN 55372-1714
RESOLUTION 07- 190
A RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL FOR THE IDA CIRCLE AND TRUNK HIGHWAY 13
RECONSTRUCTION PROJECT AND ESTABLISHING THE DATE OF THE ASSESSMENT
HEARING AND PUBLICATION THEREOF
Motion By: Hedberg
Second By: Millar
WHEREAS, costs have been determined for the improvement of Ida Circle and Trunk Highway
13, Project 06-11, the City cost for the improvements are $316,258.00; and
WHEREAS, the City Manager notifies the City Council that such proposed assessment will be
completed and filed in the City Manager's office for public inspection.
NOW THEREFORE, BE IT HEI~EBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. The portion of the cost of such improvements to be paid by the City is hereby declared to be
$316,258.00, and the portiCln of the cost to be assessed against benefited property owners is
declared to be $204,944.00..
3. Assessments shall be payable on an equal principal installment method extending over a
period of 10 years for street improvements and 20 years for utility improvements The first
installment shall be the annual principal plus interest calculated from the June 1, 2008 to the
end of this year plus twelve~ months of the next year and shall bear interest at the rate of 6%
per annum from the date of the adoption of the assessment resolution.
4. The City Manager, with the assistance of the City Engineer shall forthwith calculate the proper
amount to be specially assessed for such improvements against every assessable lot, piece or
parcel of land within the district affected, without regard to cash valuation, as provided by law,
and shall file a copy of such proposed assessment in the office of the City Manager for public
inspection.
5. The City Manager shall upon the completion of such proposed assessment notify the City
Council thereof.
6. A Public Hearing shall be held on the 3rd day of December, 2007, in City Council Chambers at
6:00 P.M. to pass upon such proposed assessment and at such time and place all persons
owning property affected by such improvement will be given the opportunity to be heard with
reference to such assessmEmt.
7. The City Manager is hereby directed to cause a notice of the public hearing on the proposed
assessment to be published once in the official newspaper of the City at least two weeks prior
to the hearing, and the City Manager shall also cause mailed notice to be given to the owner of
each parcel described in thE~ assessment roll not less than two weeks prior to the hearing.
8. 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
M:ICOUNCILIRESOLUTIIEngineering - Public WorksI2007107-19~~f~~ke.com
Phone 952.447.9800 / Fax 952.447.4245
be charged if the entire assessment is paid within 30 days from the adoption of the
assessment. The owner 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.
PASSED AND ADOPTED THIS 5TH DAY OF NOVEMBER, 2007.
YES
NO
Haugen Absent Haugen
Erickson X Erickson
Hedberg X Hedberg
leMair X leMair
Millar X Millar
Frank B
M:ICOUNCILIRESOLUTIIEngineering - Public Worl:s\2007107-190 Assess Ida CircleDOC