HomeMy WebLinkAbout11-081 - ADMIN Resolution - City Council - 2011/09/06RESOLUTION NO. 11-081
RESOLUTION CERTIFYING THE SPECIAL ASSESSMENT
FOR STREET IMPROVEMENTS
AS PART OF THE 36TH STREET STREETSCAPE IMPROVEMENTS
(CITY PROJECT 2008-2600)
IN THE AMOUNT OF $13,770.40.
P.I.D. Nos. 16-117-21-34-0040 and 16-117-21-34-0068
WHEREAS, Standal Properties, Inc., the Property Owner at 5700 and 5800 West 36th
Street petitioned the City of St. Louis Park for street modification improvements as part of the
West 36th Street Streetscape Improvement Project (City Project 2008-2600); and
WHEREAS, the Property Owner agreed to have one hundred percent (100%) of the cost
of the above modification improvement assessed against the property in accordance with the
City's special assessment policy; and
WHEREAS, the City of St. Louis Park approved a Public Improvement and Special
Assessment Agreement with the Property Owner on August 7, 2009, and
WHEREAS, the Property Owner agreed to waive the right to a public hearing, right of
notice and right of appeal pursuant to Minnesota Statute, Chapter 429; and
WHEREAS, the Property Owner has agreed to pay the City for the total cost of the
above improvements through a special assessment over a eight (8) year period at the interest rate
of 5.85 %.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Louis
Park, Minnesota, that:
1. The total cost for the street modification improvements at 5700 and 5800 West 36th Street as
part of City Project 2008-2600 is accepted at $13,770.40.
2. The total amount of $13,770.40 is certified as a special assessment of $7,650.15 against the
erty located at 5700 West 36th Street (P.I.D. No. 16-117-21-34-0040), and certified as a
spe 'al assessment of $6,120.25 against the property located at 5800 West 36`h Street (P.I.D.
No. 1.-117-21-34-0068). The special assessment shall be payable in eight (8) equal annual
install ents, together with interest on the unpaid balance calculated at 5.85% per annum.
Revi
for Administration:
Adopted by the City Council September 6, 2011
City
Attest:
./7j -
City Clerk