HomeMy WebLinkAbout14-157 - ADMIN Resolution - City Council - 2014/11/17RESOLUTION NO. 14-157
RESOLUTION AUTHORIZING THE SPECIAL ASSESSMENT FOR THE
• INSTALLATION OF THE TRAFFIC SIGNAL AT PARK CENTER BOULEVARD
AT THE SHARED ENTRANCE FOR 36 PARK APARTMENTS
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
06-028-24-33-0019
3601 Park Center Blvd
WHEREAS, this Property Owner has agreed to waive their right to a public heanng,
nght of notice and right 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
06-028-24-33-0019
3601 Park Center Blvd
$ 200,000
4. This Property Owner has agreed to waive their nght to a public heanng, 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 a ten (10) year penod at the interest rate of 5.88 %.
The Property Owner has executed a Planned Unit Development Contract with the City and
a'. other documents necessary to implement the traffic signal work and the special
a .e ent of all costs associated therewith.
Re ie it or Administration: Adoptee by the City Council November 17, 2014
so 1
11111
CityTY :.,
Attest:
City Clerk