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HomeMy WebLinkAbout03-060 - ADMIN Resolution - City Council - 2003/06/02• RESOLUTION NO. 03-060 RESOLUTION ADOPTING ASSESSMENT IMPROVEMENT ALLEY PAVING IN THE 2900 BLOCK BETWEEN TOLEDO AVENUE S. AND SALEM AVENUE. 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 May 19, 2003 and published in the official City newspaper, the St. Louis Park Sailor, on May 15, 2003 and May 22, 2003 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 dust 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, 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 2003, and payable in the year 2004 , and shall bear interest at the rate of 5.90 percent per annum. To the first installment shall be added interest on the entire assessment from November 1, 2003, until December 31, 2003, 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 resolution. 4. The location of the construction improvement over which installments are to be extended for a period of 20 years is as follows Improvement # Type of Improvement Location 03 -XX Alley Paving 2900 block between Toledo Avenue S. and Salem Avenue. 5. The Assessor's Office 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. Reviewed for Administration. Reviewed for Administration Ad Attest: ty Clerk ouncil June 2, 2003 Resolution No. 03-060 -2- Estimated Cost. $66,000 70% Direct Benefit (garage or access) 30% Indirect Benefit (dust, noise, and mud) (A) Direct Benefit: 937 total footage and $49.30 per front foot (B) Indirect Benefit• 1137 total footage and $17 41 per front foot. Address 2901 Toledo Ave S 2909 Toledo Ave S 2913 Toledo Ave S 2917 Toledo Ave S 2921 Toledo Ave S 2925 Toledo Ave S 2933 Toledo Ave S 2939 Toledo Ave S 2900 Salem Ave. S 2904 Salem Ave S 2908 Salem Ave. S. 2916 Salem Ave S 2922 Salem Ave S 2930 Salem Ave S 2934 Salem Ave. S. 2940 Salem Ave S. 5224 Minnetonka Bld total total direct indirect May 2003 $66,000.00 $46,200.00 $19,800.00 ********* Indirect ******** Direct ************ ********** Ind feet % Indirect 80 7.04 Indirect Allocation Dir feet Total Direct Direct & % Direct Allocatio Indirect n $3,945 $5,338 $1,393 80 8.54 • 40 3.52 $697 40 4.27 $1,972 40 3 52 $697 40 4.27 $1,972 40 3 52 $697 40 4.27 $1,972 40 3 52 $697 40 4.27 $1,972 80 7 04 $1,393 80 8 54 $3,945 50 4 40 $871 50 5 34 $2,465 63 5.54 $1,097 63 6.72 $3,106 40 3 52 $697 0 0.00 $0 40 3 52 $697 40 4 27 $1,972 40 3 52 $697 40 4.27 $1,972 100 8 80 $1,741 0 0 00 $0 Y 60 5.28 $1,045 0 0.00 $0 60 5.28 $1,045 60 6.40 $2,958 50 4 40 $871 50 5.34 $2,465 43 3.78 $749 43 4.59 $2,120 271 23 83 $4,719 271 28.92 $13,362 1137 19800 937 $46,200 $2,669 $2,669 $2,669 $2,669• $5,338 $3,336 $4,203 $697 $2,669 $2,669 $1,741 $1,045 $4,003 $3,336 $2,869 $18,0810 $66,000