Loading...
HomeMy Public PortalAbout2017-077 Resolution Adopting Assessment Roll for Deer Hill Preserve Road Improvement ProjectMember Cousineau introduced the following resolution and moved its adoption: CITY OF MEDINA RESOLUTION NO.2017-77 RESOLUTION ADOPTING ASSESSMENT ROLL FOR DEER HILL PRESERVE ROAD IMPROVEMENT PROJECT WHEREAS, in 2016, the city of Medina (the "City") initiated a public improvement project consisting of constructing a road from % mile west of Willow Drive to Homestead Trail and a dedicated turn lane on Homestead Trail onto the newly constructed Deer Hill Road ("the Proj ect"); and WHEREAS, by a petition and waiver agreement between the City, Stonegate Farm, Inc., (the "Owner") and Property Resources Development Corporation (the "Developer") dated August 10, 2016 and recorded in the Office of the Registrar of Titles, Hennepin County, Minnesota on August 26, 2016 as Document No. T05375399 and by a petition and waiver agreement between the City, the Owner and the Developer dated August 10, 2016 and recorded in the Office of the County Recorder, Hennepin County, Minnesota on August 26, 2016 as Document A10349022 (collectively. The "Petition and Waiver Agreements"), the owners of the benefited land petitioned for the construction of the Improvement Project and the special assessment of their respective properties for 100% of the cost thereof; and WHEREAS, the Improvement Project has now nearly been completed and the costs thereof calculated and apportioned among the benefited properties in accordance with the Petition and Waiver Agreements; and WHEREAS, the Petition and Waiver Agreements authorize the City to construct the Improvement Project and specially assess benefited properties without notices or hearings as otherwise required by law. NOW, THEREFORE, BE IT RESOLVED by the city council of the city of Medina, Minnesota, as follows: 1. The proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute a special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the improvement in the amount of the assessment levied against it. 2. The special assessment shall be payable in full at the time of the Developer's sale of a lot to a builder or end user or upon and as a condition of the issuance of a building permit for any such lot, whichever is earlier. Any special assessment amount remaining unpaid on November 1, 2028, will be payable in equal installments over the following three years. All payments shall bear interest at a rate of 4.50% per annum from the date of the adoption of this assessment resolution. All special assessments, including deferred assessments, will accrue interest in accordance with the City's Resolution No. 2017-77 September 19, 2017 policy on special assessments, which specifies compound interest from the date of adoption of the assessment roll. Such interest shall also be calculated during the period of deferral. 3. The owner of any property so assessed may, at any time prior to November 15, 2017, pay the whole of the assessment on such property to the city finance director, with interest accrued to the date of payment, except that no interest shall be charged if the entire assessment is paid within 30 days of the adoption of the assessment. Thereafter, any owner may pay to the city finance director 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. 4. The city administrator shall forthwith transmit a certified duplicate of this resolution 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. Dated: September 19, 2017. Bob Mitchell, Mayor ATTEST: The motion for the adoption of the foregoing resolution was duly seconded by member Anderson and upon vote being taken thereon, the following voted in favor thereof: Anderson, Cousineau, Mitchell, Pederson And the following voted against same: (Absent: Martin) None Whereupon said resolution was declared duly passed and adopted. Resolution No. 2017-77 2 September 19, 2017 EXHIBIT A PID 21-118- 23- 34- 0004 21-118-23-34-0005 21-118- 23-34-0006 21-118-23-34-0007 21-118-23-34-0008 21-118-23-34-0009 28-118-23-21-0004 28-118- 23- 21-0005 21-118- 23- 34-0010 21-118-23-34-0011 21-118-23-31-0004 21-118-23-34-0015 28-118-23-21-0006 28-118- 23- 21-0008 28-118- 23- 24-0002 28-118-23-24-0003 Legal Description* Lot 1, Block 1 Lot 2, Block 1 Lot 3, Block 1 Lot 4, Block 1 Lot 1, Block 2 Lot 2, Block 2 Lot 1, Block 3 Lot 2, Block 3 Lot 3, Block 3 Lot 4, Block 3 Outlot D Outlot G Outlot H Outlot J Outlot L Outlot M Assessment Amount $29, 512.20 $29, 512.20 $29, 512.20 $29, 512.20 $29,512.20 $29, 512.20 $29, 512.20 $29, 512.20 $29, 512.20 $29, 512.20 $147,560.98 $118, 048.78 $177,073.17 $59, 024.39 $118, 048.78 $295,121.95 $1, 210, 000.00 Resolution No. 2017-77 3 September 19, 2017 " '�� r