HomeMy WebLinkAbout14-156 - ADMIN Resolution - City Council - 2014/11/17RESOLUTION NO. 14-156
RESOLUTION AUTHORIZING THE SPECIAL ASSESSMENT FOR THE
S INSTALLATION OF THE TRAFFIC SIGNAL AT PARK CENTER BOULEVARD
AT THE SHARED ENTRANCE FOR TARGET
WHEREAS, the following Property Owner has petitioned the City of St. Louis Park to
authonze a special assessment for the installation of the traffic signal at the shared entrance to 36
Park Apartments and Target; and
PID
Street Address,
St Louis Park, MN 55416
06-028-24-33-0015
3601 State Highway 100
WHEREAS, this Property Owner has agreed to waive their right to a public hearing,
right of notice and nght of appeal pursuant to Minnesota Statute, Chapter 429; and
WHEREAS, the City Council of the City of St. Louis Park has received a report from the
City Engineer, or designee, related to the installation of the traffic signal,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St Louis
Park, Minnesota, that:
1. The petition from the Property Owner requesting the traffic signal be constructed by the city
and specially assessed to the property is hereby accepted.
2. The installation of the traffic signal and adjoining roadway work was done in conformance with
the plans and specifications approved by the Engineering Department and are hereby accepted
3 The owner, location, and total eligible cost of this work have been determined to be as
follows:
PID
Street Address,
St. Louis Park, Mn 55416
Cost
06-028-24-33-0015
3601 State Highway 100
$ 199,500
4. This Property Owner has agreed to waive their right to a public hearing, notice and appeal
from the special assessment; whether provided by Minnesota Statutes, Chapter 429, or by
other statutes, or by ordinance, City Charter, the constitution, or common law
5. This Property Owner has agreed to pay the City for the total cost of the above improvements
through a special assessment over an eight (8) year penod at the interest rate of 5.85 %.
6. e Property Owner has executed a Public Improvement Agreement with the City and all
of er documents necessary to implement the traffic signal work and the special assessment of
al. co associated therewith.
Rev
Administration:
City�5 �_er
Attest:
City Clerk
Adopte% by the City Council November 17, 2014
Mor Pro Terri "