HomeMy WebLinkAbout5391 - ADMIN Resolution - City Council - 1975/10/20•
REPLACEMENT
OCTOBER 20, 1975
9G
RESOLUTION N0, 5391
RESOLUTION ADJUSTING SPECIAL ASSESSMENTS
IN IMPROVEMENT NO, 62-27 FOR PAVING OF
LOUISIANA AVENUE FROM EXCELSIOR BOULEVARD
TO OXFORD STREET
WHEREAS, the City Council has heretofore adopted Resolution No. 4929
on October, 1973, levying an assessment for paving Louisiana Avenue from
Excelsior Boulevard to Oxford Street (Improvement No. 62-27)0
WHEREAS, said resolution included assessments against the following
parcels e _
For 1976
Original Assessment Payment New Amount
Plat, Parcel Amount Reduction Credits To Be Spread
50947 1000 $ 4,026°38 $1,409023 $389049 $2,227°66
50947 2000 2,928028 1,024°90 283°25 1,620013
50947 3000 2,928028 1,024°20 283025 1,620013
• 50947
50947 4040 2,821°18
2,155075 990091 273089 1,566038
5000 745,51 208054 1,192070
51900 3008 2,350°33 822062 227°35 1,300036
`51900 3002 777°85 272.25 75°23 430037
50947 4030 1,769.30 619026 171013 978091
50947 4010 886019 310017 85072 490030
51952 4000 4,306°88 1,507,41 - 0 - 2,799°47
51952 6050 10,585,73 3,705001 - 0 - 6,880°72
51952 6075 13,695087 4,793055 - 0 - 8,902032
representing the assessable cost of said paving project.
WHEREAS, the owners of the above parcels have, pursuant to
Minnesota Statutes, Section 4290081, filed appeals to the Hennepin County
District Court contesting said assessments in which a number of complex
legal issues have been raised as to the assessment policies, procedures,
and amounts assessed.
WHEREAS, the City Attorney has advised the City Council that in the
light of issues raised in the assessment appeals, a reduction in the amount
assessed in order to secure the settlement and dismissal of the appeals
would be prudent and appropriate; therefore
BE IT RESOLVED
1. That the City Manager and City Assessor are hereby directed to
reduce the amount of the assessment on the subject parcels by an amount
equalling thirty-five percent (35%) of the adopted assessment.
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2 That in computing the reduced amount, credit is to be given
for the installments of special assessments due and payable with real
estate taxes due and payable in 1974 and 1975. In granting credit
for amounts previously paid, interest at the rate of six percent (6%)
per annum is to be allowed and added to the credit attributable to
the principal and interest payments in installments based on the
amount of the original assessment which is in excess of sixty-five
(65%) of the amount originally assessed.
3. That the reduced amount is to be spread over the remaining
eighteen years of the special assessments commencing with installments
of the special assessments due and payable with real estate taxes due
and payable in 1976.
Adopted by the City Council October 20, 1975.
Mayor
Attest:
City Clerk
Reviewed for administration: Approved as to form and legality:
City Manager City Attorney
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