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HomeMy Public PortalAbout1979-057Member 47/46 � introduced the following resolution and moved for its adoption: CITY OF MEDINA RESOLUTION NO. l `/ RESOLUTION ADOPTING ASSESSMENT WHEREAS, pursuant to proper notice duly given as required by law, the City Council has met and heard and passed upon all objections to the proposed assessment for the repair, reconstruc- tion and surfacing of streets, namely, Tower Drive east of Pinto Drive; Pinto Drive between Trunk Highway #55 and Hamel Road; and Hamel Road between Hickory Drive and a point 600 feet East of Tower Drive; and for the construction of a street and water main in that portion of Tower Drive lying Westerly of Pinto Drive, to- gether with any amendments deemed just; and WHEREAS, the City Council finds that the properties within the assessment district have, in many cases, not been developed or sold because of the lack of an all-weather road; and in other cases, have not developed or sold because the all-weather road was not of a designed capacity to accommodate industrial truck traffic; and WHEREAS, the property lying Truest of Pinto Drive had insuffi- cient street access, lack of watermain and other public utilities, and lack of a heavy duty all-weather road, all of which depressed the market value thereof and made the property difficult to mar- ket; and WHEREAS, the improvement will provide a 9-ton all-weather road sufficient for any type of industrial truck traffic and will provide water service to those properties lying West of Pinto Drive; and WHEREAS, the availability of access by heavily laden trucks at any time of year increases the value of each and every assessed parcel by at least the amount of the assessment for street improve- ment, and the availability of water supply increases the value of the lots assessed for watermain by at least the amount of the assessment; and WHEREAS, all properties assessed will be more readily market- able and the value thereof will be increased beyond the amount of the assessment; NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Medina, Minnesota, as follows: -1- 1. The proposed assessment as amended, copy of which is attached hereto and made a part hereof by reference, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it by virtue of the market value thereof being increased by the installation of the improvement. 2. Such assessment shall be payable in equal annual install- ments extending over a period of /3 years, the first of the installments to be payable on or before the first Monday in Jan- uary, 1980, and shall bear interest at the rate of a % per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assess- ment from the date of this resolution until December 31, 1980. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. The Owner of any 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 such property with interest accrued to date of payment, to the City Clerk, except that no int- erest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and such property owner may, at any time thereafter, pay to the City Clerk the entire amount of the assessment remaining unpaid with interest accrued to December 31st of the year in which such payment is made. Such pay- ment must be made before November 15th or interest will be charged through December 31st of the next succeeding year. 4. The Clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the proper tax lists of the County, and such assessments shall be collected and paid over in the same manner as other munici. 1 taxes. Dated: Mayo ATTEST: / cCE'/ a i Clerk / The motion for the opti n of the foregoing resolution was duly seconded by Member evto,Ap46,4 and, upon vote, being taken thereon, the following vote/d in fa or thereof: )r' and the following voted ag"Ainst the same: /,�up__' whereupon said resolution was declared, duly passed and adopted. -2-