HomeMy WebLinkAboutResolution - 2011-59 - Bearpath Trail Improvement Project - Special Assessment - 07/19/2011 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO.2011-59
WHEREAS, pursuant to proper notice duly given as required by law, the City Council has met and heard and
passed upon all objections in the proposed assessments for the following improvements to wit: Bearpath Trail
Improvement Project as identified in Exhibit A hereto.
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Eden Prairie:
1. The assessments are hereby accepted and shall constitute the special assessment against the lands in the
final assessment roll as set forth in Exhibit A hereto, and each tract of land therein included is hereby
found to be benefitted by the improvement in the amount of the assessment levied against it.
2. Such assessment shall be payable in equal annual installments extending over a period of 15 years.
Installments shall bear interest at the rate of 6.23%, except no interest shall be charged if the entire
assessment is paid on or before November 30, 2011. To the first installment shall be added interest on
the entire assessment from November 1, 2011 until December 31, 2012. To each subsequent
installment when due shall be added interest for one year on all unpaid installments.
3. The Clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be
extended on the property tax lists of the County,and such assessments shall be collected and paid over
in the same manner as other municipal taxes beginning in 2012.
4. On July 19, 2011 the Owner paid to City$75,000.00 of the$300,000.00 cost of the improvement.
5. The owner of any property so assessed may, at any time prior to certification of the assessment to the
county auditor, pay the whole of the assessment on such property, with interest accrued to the date of
payment, to the city treasurer, except that no interest shall be charged if the entire assessment is paid
within 30 days from the adoption of this resolution; and he/she may, at any time thereafter, pay to the
city treasurer the entire amount of the assessment remaining unpaid,with interest accrued to December
31 of the year in which such payment is made. Such payment must be made before November 15 or
interest will be charged through December 31 of the next succeeding year.
6. It is hereby declared to be the intention of the Council to reimburse itself in the future for the portion of
the cost of this improvement paid for from municipal funds by levying additional assessments, on
notice and hearings as provided for the assessments being made, upon any properties abutting on the
improvements but not herein assessed for the improvement when changed conditions relating to such
properties make such assessment feasible.
ADOPTED by the Eden Prairie City Council on July 19, 2011.
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KaWeen Porta,City Clerk