HomeMy WebLinkAbout98-47 - ADMIN Resolution - City Council - 1998/03/02RESOLUTION NO. 98 - 4 7
RESOLUTION ADOPTING ASSESSMENT IMPROVEMENT NOS. 85-32, 87-28 AND 97-05,
ROADWAY, TRAFFIC SIGNAL, AND WATERMAIN IMPROVEMENTS AT THE
FORD/SHELARD PARKWAY AND PHASE III WATERMAIN REPLACEMENT IN THE
SHELARD/PARK AREA
BE IT RESOLVED by the City Council of the City of St. Louis Park as follows:
1 Notice of hearing on this improvement was duly mailed on February 17, 1998 and published in the
official city newspaper, the St Louis Park Sailor, on February 18, 1998 and February 25, 1998 as
required by Minnesota Statutes, Chapter 429
2. A public hearing having been held on this date and opportumty 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 descnbed, 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, m equal annual installments extending over the
period of 20 years. The first installment shall be payable concurrently with general taxes levied in the year
1998, and payable in the year 1999, and shall bear interest at the rate of 7 percent per annum. To the
first installment shall be added interest on the entire assessment from December 1, 1998 until December
31, 1998, 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 enure assessment is paid at the Office of the Treasurer within 30 days from the date of adoption of
the assessment resolution.
4. The number of years over which installments are to be extended is as follows:
IMPROVEMENT NO TYPE OF IMPROVEMENT LOCATION
85-32, 87-28 AND 97-05 ROADWAY, TRAFFIC SIGNAL, FORD RD/SHELARD PKWY
AND WATERMAIN
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 m the same
manner as other municipal taxes.
City Clerk
2/25/98
Adopt-' • s F City oi CH 2, 1998.
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