HomeMy WebLinkAbout24-056 Adoption of Assessments for City Project 24-03 Ipava Avenue and Indiana Avenue Improvements CITY OF LAKEVILLE
RESOLUTION NO. 24-056
Resolution Adopting Assessments for City Project 24-03
Ipava Avenue and Indiana Avenue Improvements
WHEREAS, pursuant to proper notice duly given as required by law, the City Council has met,
heard,and passed upon all objections to the proposed assessment for Ipava Avenue Improvements
(from Indiana Avenue to 185�''Street) and Indiana Avenue Improvements (from Ipava Avenue to
Dodd Boulevard), City Project 24-03.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville,Minnesota:
1. Such proposed assessments in a total amount of$40,842.00,copies of which are attached
hereto and made a part hereof, are hereby accepted and shall constitute the special assessment
against the lands named therein,and each tract of land therein included in the hereby found to be
benefited by the proposed improvement in the amount of the assessment levied against it.
2.Such assessments shall be considered payable in equal annual principal installments over
a period of ten (10) years for No. 221431, the first of the installments to be payable on or before
the first Monday in January 2025. The assessments shall bear interest at the rate of 3.009'o percent
per annum from November 16, 2024. To the first installment shall be added interest on the entire
assessment from November 16, 2024 until December 31, 2025. To each subsequent installment
when due shall be added interest for one year on all unpaid installments.
3. The owner of any property may, prior to certification of the assessment to the county
auditor,pay the whole or portion of the assessment on such property. No interest will be charged
if the entire assessment is paid by November 15, 2024. No partial payments will be accepted after
November 15, 2024. Payments made between November 16, 2024 and December 15, 2024 will
include daily interest accrued from November 16 to the date of the payment.The first-year
installment payments will be due with taxes payable 2025 and will include interest accrued from
November 16, 2024 - December 31, 2025.The property owner may at any time pay the entire
amount of the assessment remaining unpaid.
4. 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. Such assessments shall be collected
and paid over in the same manner as other municipal taxes.
ADOPTED by the Lakeville City Council this 3`d day of June 2024.
CITY OF LAKEVIL :
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L e M. Hellier,Mayor
Ann Orlo sky, City Clerk
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