HomeMy WebLinkAboutResolution - 581 - Resolution Approving Trunk Sewer and Water Assessments - Phase I - 10/10/1972 VILLAGE OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 581
A RESOLUTION ADOPTING AND CONFIRMING THE
ASSESSMENTS FOR TRUNK SYSTEM SEWER AND
WATER a PHASE I
BE IT RESOLVED by the Village Council of the Village of Eden
Prairie, Minnesota as follows:
1 . The Village has given notice of hearing as required by law
on the proposed assessment for Trunk System Sewer and Water Improvennent
and at such hearing on September 25, 1972 and continued to October 10,
1972, has considered all oral and written objections presented against
the levy of such assessment.
2. Said assessment now on file in the office of the Village Clerk
is hereby adopted and confirmed as the proper assessments on account of
said improvement to be spread against the benefited lots, tracts and
parcels of land described therein, and the amount assessed against each
such lot, tract or parcel of land is hereby found not to exceed the local
benefits conferred thereon by said improvement.
3. Subject to the provisions of Section 5 below, the assessments
shall be payable in 20 equal annual installments payable on the 1st day
of January in each year, beginning in the year 1973, and continuing until
all said installments shall have been paid, each installment to be collected
With +_axes collectable during said year by the County Auditor. To the first
installment shall be added interest on the entire assessment at the rate
of 6.6% per annum, from December 31 , 1972, to December 31 , 1992. To each
subsequent installment shall be added interest for one year on all unpaid
installments.
4. The Clerk shall also mail notice of any special assessments which
may be payable by a County, by a political subdivision or by the owner of
any right of way, as required by Minnesota Statutes, Section 429.061 ,
Subdivision 4, and if any such assessment is not paid in a single installment,
the Village Treasurer shall arrange for collection thereof in installments,
as set forth in said section.
5. "the owners of any property assessed may pay the entire amount
thereof without interest on or before November 10, 1972. On or before
November 15, 1972 and on or before October 10 in 1973 and in each subsequent
year, the Village Clerk shall certify to the County Auditor of Hennepin
County the total amount of the installment of and interest on the assessment
on each parcel of land which is to become due and has not been prepaid;
except that:
Resolution No. 581
Page Two
(A) On or before November 10, 1972 the owner of any property
may request that payments of principal and interest on the assessment
upon such property be deferred until 1977, or until the year following
the earlier occurance of one of the following events:
(i ) Connection of a building or structure on the property
for service promoted by the improvement ;
(i i ) Division of the property for tax purposes;
(i i i ) Platting of the property if previously unpl atted; or
(iv) Determination by resolution of the Village Council that
commencement of collection of such assessments is
necessary to provide sufficient funds for the prompt
payment of principal aaad interest on bonds issued by
the Village to finance the improvement.
(8) Interest to December 31 , 1976 or in any prior year in which
{ one of such events occurs shall be added to the principal amount of each
assessment whose collection is so deferred, and the resulting principal
amount shall be collectible in equal annual installments in each of the
ensuing years to and including 1992, unless prepaid with interest for
one year on all unpaid installments from time to time.
ADOPTED by the Village Council of the Village of Eden Prairie at
a regular meeting thereof held this 1 Ot:h day of Oct er, 1972.
Paul R. Redpath, ayor
ATTEST:
SEAL
Edna M. H,.): .ngren, Clerk