HomeMy WebLinkAbout96-165 - ADMIN Resolution - City Council - 1996/11/04RESOLUTION NO 96-165
RESOLUTION :ADOPTING ASSESS vI NT vPROVEMENT NO 90-32, ROAD
RECONSTRUCTION OF AQUILA AVENUE FROM TRUNK HIGHWAY T7 TO 450 FEET SOUTH
OF W 36TH STREET.
BE IT RESOLVED by the City Council or the City of St. Louis Park as follows:
1. Nonce of heanng on this improvement was duly mailed on October 22, 1996 and published in the
official city newspaper, the St Louis Park Sailor, on October 23, 1996 and October 30,1996 as
required by Minnesota Statutes, Chapter 429
2. A public heanng having been held on this date and opportunity having been given at the hearing to
all persons to make known their objections to the proposed assessment, and the Council being fully
advised of the pertinent facts, the proposed assessment as it deems just is adopted and shall constitute the
special assessment levied against the respective lands therein described, and each tract of land is found to
be specifically benefited by the improvements in the amount of assessment levied against it.
3. The assessment shall be payable, unless prepaid, in equal annual installments extending over the
penod of 20 years. The first installment shall be payable concurrently with general taxes levied in the
year 1996, and payable in the year 1997 , and shall bear interest at the rate of 7.87 percent per annum.
To the first installment shall be added interest on the enure assessment from November 4, 1996 until
December 31, 1996, the year in which the assessment will be levied. For subsequent installments, interest
shall be added for one year on the total of all unpaid installments. No interest will be charged as to any
parcel if the entire assessment is paid at the Office of the Treasurer within 30 days from the date of
adoption of the assessment. resolunon.
4. The number of years over which installments are to be extended is as follows:
IMPROVEMENT NO TYPE OF IMPROVEMENT LOCATION
90-32 ROAD RECONSTRUCTION AQUILA AVENUE FROM
TRUNK HIGHWAY g-7 TO 450
rht.T SOUTH OF W 36TH ST.
which shall be extended over a penod of 20 years.
5. The clerk shall transmit a certified copy of this assessment to the county auditor to be extended on
the proper tax lists of the county, and such assessments shall be collected and paid over in the same
manner as other municipal taxes. 1
Adopt by the City Council NOVEMBER 4, 1996.
Attest:
City Clerk
Revt d for Admimstra n:
City Manager /
Mavdr