2025.10.06 RESO 2025-37 Adopting Assessments for Beaver Ponds Road Project

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RESOLUTION NO. 2025— 37 RESOLUTION ADOPTING ASSESSMENTS FOR THE 2025 BEAVER PONDS AREA STREET IMPROVEMENT PROJECT CITY OF HUGO,WASHINGTON COUNTY,MN WHEREAS,pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment against abutting property generally located along the following roadways: • Flay Road N from 129th Drive N to Fondant Trail N • Ferrara Avenue N from the south terminus to 129th Street N • 129th Street N from Ferrara Avenue N to Fiona Road N • 128th Street N from Ferrare Avenue N to Fiona Road N • 128th Street Court from 128th Street N to the north cul-de-sac • Fiona Road N from 128th Street N to Flay Road N • Fondant Trail N from the south Beaver Ponds South plat to Foxhill Avenue N • 128th Street N from Flay Road to 128th Alcove N • Foxhill Avenue N from 128th Street N to the north cul-de-sac • 128th Alcove N from south cul-de-sac to north cul-de-sac • 127th Street N from Fondant Trail N to Foxhill Circle N • Foxhill Circle N from 127th Street N to northeast cul-de-sac • Foxhill Avenue N from Foxhill Circle N to the south Beaver Ponds plat boundary • 126th Street to the west terminus to Foxhill Avenue N The improvements include roadway mill and overlay, spot curb and gutter replacement, and minor drainage improvements. NOW, THEREFORE, IT BE RESOLVED,by the City Council of the City of Hugo, Minnesota, as follows: 1. Such assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment 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 shall be payable in annual installments extending over a period of 5 years, the first of the installments to be payable on or before the first Monday in January 2026, and shall bear interest at the rate of 5.05%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 this resolution 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 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 30 days from the adoption of this resolution; and may, at any time thereafter,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.