07-9997r
RESOLUTION NO. 9997
RESOLUTION RELATING TO THE
RICHFIELD PARKWAY AND 66TH STREET INTERSECTION PROJECT: ADOPTING
SPECIAL ASSESSMENTS FOR THE PROJECT
The City Council of the City of Richfield, Hennepin County (City) resolves:
Section 1. Backqround. findinqs.
1.01. The City has duly ordered the construction of a public improvement project
known as the Richfield Parkway and 66th Street Intersection Project (Project), in
accordance with Minnesota Statutes, Chapter 429 (Act). The Project was ordered by
Council Resolution, (No. 9855) of December 12, 2006 (Resolution).
1.02. The City Engineer has submitted to this Council a proposed assessment
roll for the Project, attached as Exhibit A.
1.03. After proper notice duly given pursuant to the Act, the Council has met,
heard and passed all objections to the proposed special assessments for the Project.
Section 2. Assessment adopted.
2.01. In accordance with Minnesota Statutes, Section 429.061, the proposed
assessment roll is accepted and adopted and constitutes a special assessment against
the lands named therein, and each tract of land named therein included is found to be
benefited by the proposed improvement in the amount of the assessment levied against
it. '
2.02. The assessment is payable in equal annual installments extending over a
period of twenty years, the first of the installments to be payable on or before the first
Monday in January, 2008. The installments will bear interest atthe rate of 5.75 percent
per annum from the date of the adoption of this resolution. To the first installment will
be added interest on the entire assessment from the date of this resolution until
December 31, 2007. To each subsequent installment when due will be added interest
for one year on all unpaid installments.
2.03. The owner of property so assessed may, at any time prior to the
certification of the assessment to the county auditor, pay the whole of the assessment
on the property, with interest accrued to the date of payment, to the city Finance
Division, except that no interest will be charged if the entire assessment is paid within
30 days from the adoption of this resolution; and the owner may, at any time thereafter,
pay to the city Finance Division the entire amount of the assessment remaining unpaid,
with interest accrued to December 31 of the year in which the payment is made. The
payment must be made before November 15 or interest will be charged through
December 31 of the next succeeding year.
2.04. The City Clerk is directed to forthwith transmit a certified duplicate of this
assessment roll to the county auditor for extension on the property tax lists of the
county. The assessments will be collected and paid over to the city in the same manner
as other municipal taxes.
Adopted by the City Council of the City of Richfield, Minnesota, this 9th day of
October, 2007.
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ATTEST:
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Nancy GibbS~ Clerk
EXHIBIT A
ASSESSMENT ROLL
RICHFIELD PARKWAY AND
66TH STREET INTERSECTION
PROJECT
Parcel Address Property 10 # Total
Assessment
Lot 1, Block 1 1700 66th ST. E. 2602824140130 $ 29,112
Lot 2, Block 1 1800 66th St. E. 2602824140131 $ 21,329
Lot 3, Block 1 1840 66th St. E. 2602824140132 $ 30,841
Lot 4, Block 1 6501 Richfield Pkwy. 2602824140133 $ 29,112
Lot 5, Block 1 6515 Richfield Pkwy. 2602824140134 $ 24,788
Lot 6, Block 1 6445 Richfield Pkwy. 2602824140135 $364,903
Lot 7, Block 1 6401 Richfield Pkwy. 2602824140136 $ 21,906
Lot 8, Block 1 6301 Richfield Pkwy. 2602824110077 $264,022
Lot 1, Block 2 1620-1640 66th St. E. 2602824140137 $ 20,465
Lot 2, Block 2 6528-6540 Richfield 2602824140138 $ 12,682
Pkwy.
Lot 3, Block 2 6512-6526 Richfield 2602824140139 $ 12,394
Pkwy.
Lot 4, Block 2 6500-6510 Richfield 2602824140140 $ 18,447
Pkwy.
Total amount of assessment = $850,000
Interest rate to be paid on all assessments = 5.75%
Term of assessments = 20 years, commencing in 2008