HomeMy WebLinkAbout5696 - ADMIN Resolution - City Council - 1977/02/22•
FEBRUARY 22, 1977
RESOLUTION NO. 5696
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 9, 1973, levying an assessment for paving Louisiana Avenue from
Excelsior Boulevard to Oxford Street (Improvement No. 62-27).
«HEREAS, said resolution included assessments against the following parcel:
Amount of
Plat Parcel Assessment
50948
4500 $35,908.46
representing the assessable cost of said paving project.
WHEREAS, the owner of the above parcel has, pursuant to Minnesota Statutes,
429.081, filed an appeal 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 amount assessed.
WHEREAS, the City Attorney has advised the City Council that in the light of
issues raised in the assessment appeal, a reduction in the amount assessed in order
to secure the settlement and dismissal of the appeal 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 parcel to $23,340.50.
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2. That the reduced amount is to be spread at a 7 percent (7%) interest
rate over the remaining 16 years of the special assessment commencing
with installments of the special assessments due and payable with real
estate taxes due and payable in 1978. The first year's installments
shall include interest for one year. Subsequent installments shall
include one year's interest on the remaining principal balance, and no
interest other than herein provided shall be charged.
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3. Reimbursement is to be made to the owner for all installments
of principal and interest of this assessment due and payable
with real estate taxes due and payable in 1974, 1975, 1976 and 1977,
which reimbursement is to be, made forthwith.
BE IT FURTHER RESOLVED that the City Assessor is hereby directed to consent
to the abatement of penalties and interest on unpaid installments of real estate
taxes and special assessments due and payable in 1974.
Adopted by the City Counci February 22, 1977.
Attest:
City Clerk
Q
CA
Reviewed ,for administration: Appr'oved as to for, and legality:
A
er tt rttorney
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