HomeMy WebLinkAbout05-166 - ADMIN Resolution - City Council - 2005/12/050
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RESOLUTION NO. 05-166
RESOLUTION ADOPTING ASSESSMENT
IMPROVEMENT NO. 2005-1800,
ALLEY PAVING IN THE 2900 BLOCK OF OTTAWA AND PRINCETON AVENUE.
BE IT RESOLVED by the City Council of the City of St. Louis Park as follows:
1. Notice of heanng on this improvement was duly mailed on November 16, 2005 and
published in the official City newspaper, the St. Louis Park Sailor, on November 17, 2005 and
November 24, 2005 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 2006, and payable in the year 2007, and shall bear interest at the rate of
5.70 percent per annum. To the first installment shall be added interest on the entire assessment
from November 1, 2006, until December 31, 2006, 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
2005-1800 Alley Paving 2900 Block of Ottawa
and Princeton Avenue
5. The Finance Department shall transmit a certified copy of this assessment to the county
uditor to be extended on the proper tax lists of the county, and such assessments shall be
llected and paid over in the same manner as other municipal taxes.
Revi:w:. or Administration:
_.11111IG114
City "anager
Attest:
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City Clerk
Ali -oil by tity Council December 5, 2005
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