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CITY OF LAKEVILLE
RESOLUTION
DATE July 18, 2005 RESOLUTION NO. 05-117
MOTION BY Luick SECONDED BY Wulff
RESOLUTION ADOPTION ASSESSMENTS FOR
IMPROVEMENT PROJECT 04-10
SANITARY SEWER, WATERMAIN, & RURAL PAVED ROADWAY
APPALOOSA FARMS UNPLATTED SUBDIVISION
ITERI AVE, ITERI CT E, ITERI CT W, AND 194TH STREET W
WHEREAS, pursuant to proper notice duly given as required by law, the Council
has met, heard and passed upon all objections to the proposed assessment for Sanitary
Sewer, Watermain, and Rural Paved Roadway of Iteri Ave, Iteri Ct E, Iteri Ct W, and
194th Street W, Improvement Project 04-10.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Lakeville,
Minnesota:
1. Such proposed assessments No. 1158. Roadway Improvements in the amount of
$151,712; No. 1159 Sanitary Sewer Improvements in the amount of $89,220; No,
1160 Watermain Improvements in the amount of $95,940; No. 1161 Roadway
Improvements in the amount of $ 186,195; No. 1162 Sanitary sewer Improvements
in the amount of $115,986; No. 1163 Watennain Improvements in the amount of
$124,722; copies of which are .attached against the lands named therein, and each
tract of land therein included is hereby found to be benefited by the proposed
improvement in the amount of the assessment levied against it.
2. Such assessment No. 1158 Roadway Improvement shall be considered payable in
equal annual principal installments over aperiod of twenty (20) years, the first of the
installments to be payable on or before the first Monday in January 2006, and shall
bear interest at the rate of 4.5 percent per annum from the date of the adoption. of this
assessment resolution. To the first installment shall be added interest on the entire
assessment from the date of the resolution until December 31, 2006. To each
subsequent installment when due shall be added interest for one year on all unpaid
installments.
RESOLUTION, CONT.
PAGE 2
3. Such assessment No. 1159 Sanitary Sewer Improvements shall be considered payable
in equal annual principal installments over a period of twenty (20) years, the first of
the installments to be payable on or before the first Monday in January 2006_, and
shall bear interest at the rate of 4.5 percent per annum from the date of the adoption of
this assessment resolution. To the first installment shall be added interest on the
entire assessment from the date of the resolution until December 31, 2006_. To each
subsequent installment when due shall be added interest for one year on all unpaid
installments.
4. Such assessment No. 1160 Watermain Improvements shall be considered deferred
with interest, until such time as the property is subdivided or the property connects to
the City water system. At such time, the deferment shall automatically be terminated.
When the deferment ends the accumulated interest shall be added to the principal and
the .payment shall be divided into a number of installments such that the last
installment thereof will be payable in equal annual principal installments over a
period of twenty (20) years, but not more than thirty (30) years after the levy of the
assessment. The assessment shall bear interest at the rate of 4.5 percent per annum
from the date of the adoption of this assessment resolution.
5. Such assessment Nos. 1161, 1162 & 1163 shall be considered deferred with interest,
until such time as the parcel is subdivided. At such time, the deferment shall
automatically be terminated. When the deferment ends the accumulated interest shall
be added to the principal and the payment shall be divided into a number of
installments such that the last installment thereof will be payable not less than twenty
(20) years but not more than thirty years (30) after the levy of the assessment. The
assessment shall bear interest at the rate of 4.5 percent per annum from the date of the
adoption of the assessment resolution
6. 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 Finance Director, except that
no interest shall be charged if the entire assessment is paid within thirty (30) days
from the ado~tion of this resolution; and he or she may, at any time prior to
November 15t of any year, 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.
7. The City Clerk shall forthwith transmit a certified duplicate of this assessment to the
County Auditor and County Recorder to be extended on the proper tax lists of the
county, and such assessments shall be collected and paid over the .same manner as
other municipal taxes.
RESOLUTION, CONT.
PAGE 3
ADOPTED by the City Council of the City of Lakeville, Minnesota, on the
18th day of ,Tul~_, 2005.
CITY OF AKEVIL E
BY: ~
Robert D. Jo on, Mayor
ATTEST:
Charlene Friedges, City Cler