RES 20-037 ADOPTING AND CONFIRMING ASSESSMENTS FOR THE 2020 STREET AND UTILITY IMPROVEMENTS

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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 20-037 A RESOLUTION ADOPTING AND CONFIRMING ASSESSMENTS FOR THE 2020 STREET AND UTILITY IMPROVEMENTS WHEREAS, the amount proper and necessary to be specially assessed at this time for various public improvements is 35% (low density residential) and 50% (high density residential, commercial and industrial) assessable as follows: First Year Years First Year Levy Collectible Assessed 15 2020 2022 $316,868.63 For improvements to the following: Street & Utility Reconstruction • 32"d Avenue NE from Rankin Road to Croft Drive • Croft Drive from 32"d Avenue NE to 31 St Avenue NE • Silver Lake Terrace from Silver Lane to north against every assessable lot, piece, or parcel of land affected thereby has been duly calculated upon the basis of benefits, without regard to cash valuation, in accordance with the provisions of Minnesota Statutes, Chapter 429, and notice has been duly published, as required by law that this Council would meet to hear, consider and pass upon all objections, if any, and said proposed assessment has at all time since its filing been open for public inspection and an opportunity has been given to all interested persons to present their objections if any, to such proposed assessments. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Anthony Village that: 1. This Council, having heard and considered all objections so presented, finds that each of the lots, pieces and parcels of land enumerated in the proposed assessment was and is specially benefited by the construction of said improvement in not less than the amount of the assessment set opposite the description of each such lot, piece and parcel of land respectively, and such amount so set out is hereby levied against each of the respective lots, pieces and parcels of land therein described. 2. The proposed assessments are hereby adopted and confirmed as the proper special assessments for each of said lots, pieces and parcels of land respectively, and the assessment against each parcel, together with interest at the rate calculated at 2% over the interest cost per annum on the bonds to be issued by the City for said improvement, accruing on the full amount thereof unpaid, shall be a lien concurrent with general taxes upon parcel and all thereof. The total amount of each such assessment not pre -paid shall be payable in equal annual principal installments extending over a period of years, as indicated in each case. The first of said installments, together with interest on the entire assessment for the period of January 1, 2021 through December 31, 2021 will be payable with general taxes for the levy year of 2021 collectible in 2022, and one of each of the remaining installments, together with one year's interest on that and all other unpaid installments, will be payable with general taxes for each consecutive year thereafter until the entire assessment is paid.