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HomeMy WebLinkAbout2022-134 (Assessment for 2022 Street Improvement Project (Project 2022-02, L.I. 433))City of Stillwater Washington County, Minnesota RESOLUTION 2022-134 RESOLUTION ADOPTING ASSESSMENT FOR 2022 STREET IMPROVEMENT PROJECT PROJECT 2022-02, L.I. 433 WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard all objections to the proposed assessment for the 2022 Street Improvement Project for the following area, properties abutting: 1st Street S (Willard St E to Orleans St E), 2nd Street S (Willard St E to Orleans St E), Burlington Street E (3rd St S to 5th Ave S), Hancock Street E (3rd St S to 6th Ave S), Marsh Street E (3rd St S to 6th Ave S), Willard Street E (3rd St S to 1st St S) Kallie Court, Mallard Court, Wildwood Court, Wildwood Lane, Eagle Ridge Lane, Eagle Ridge Place, Grove Street S (Olive St W to Myrtle St W), Hancock Street W (East of Everett St), Ramsey Street W (Brick St S to Grove St S), Everett Street S (Orleans St W to Churchill St W), Brick Street S (Olive St W to Myrtle St W), 4th Street S (South of Olive St), Dubuque Street (6th Ave S to 5th Ave S), Cherry Street W (4th St N to 3rd St N) NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF STILLWATER, MINNESOTA: 1. Such proposed assessments, 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 assessments totaling $9,999 and lower shall be payable in equal installments over a period of ten (10) years and assessments totaling $10,000 or higher shall be payble in equal installments over a period of fifteen (15) years with the first of the installments to be payable on or before the first Monday in January 2023, and shall bear interest at the rate of 4.5% per annum from the date of the adoption of this assessment resolutions. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2022. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. Property owners may at any time prior to certification of the assessment to the county auditor, pay the entire assessment balance on such property, without any additional interest to the City of Stillwater. NO INTEREST WILL BE CHARGED IF THE ENTIRE ASSESSMENT IS PAID BY NOVEMBER 15, 2022. If the assessment is not paid by November 15, 2022, accrued interest from the date of the adoption of the assessment roll through December 31, 2023 will be added with the first installment due in 2023. If payment is not received by November 15, 2022, the assessments will be collected over a period of ten (10) years or fifteen (15) years respectively as state above with interest added at 4.5% per year on the unpaid balance. The yearly installments will be collected with the property taxes that are paid to Washington County. You may at any time thereafter, prior to November 15th of any year, pay the remaining principal balance (in whole or part) to the City of Stillwater. 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 Stillwater City Council this 4th day of October 2022. Attest: Beth Wolf, City Cle CITY OF I LWATER , Ted Kozlowski, Mayor 2