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HomeMy WebLinkAbout2017-126 (adopting an amended assessment- Brown's Creek Cove) RESOLUTION NO.2017-126 CITY OF STILLWATER WASHINGTON COUNTY, MINNESOTA A RESOLUTION ADOPTING AN AMENDED ASSESSMENT-BROWN'S CREEK COVE WHEREAS, the council has met and considered the amended assessment of the Transportation Adequacy charges as requested by the Developer of Brown's Creek Cove. NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Stillwater: 1. The amended and revised assessment, a copy of which is attached hereto as Exhibit A (The Assessment Roll) 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 improvement in the amount of the amended assessment levied against it. 2. The original assessment for parcel 19.030.20.14.0060, legally described as Outlot A Brown's Creek Cove 1st Addition is deleted, and the amount collected in 2017 estimated to be $939.19 consisting of principal of$807.07 and interest of$176.12 is abated. 3. The assessment deleted from Outlot A in the amount of$2,421.23 will be divided equally among the remaining lots. This will be an additional assessment (LI#4111 — Adjust Browns Creek Cove TAF) in the amount of$403.54 per parcel that shall be payable in equal annual installments extending over a period of two (2) years, the first of the installments to be payable on or before the first Monday in January 2018, and shall bear interest at the rate of five (5) percent per annum from the date of the adoption of this resolution. To the first installment shall be added interest on the entire assessment from the date ofthis resolution until December 31,2017. To each subsequent installment shall be added interest for one year on all unpaid installments. 4. 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 treasurer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and they may, at any time thereafter, pay to the city treasurer 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. 5. The entire assessment will also become immediately due upon the sale of a parcel to an unrelated third-party. 6. The clerk shall forthwith transmit a certified duplicate of the 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 b ffirmative vote of the majority of the City Council of the City of Stillwater this day o , 2017. CITY OF STILLWATER ATTEST: Ted Kozlowski, Mayor Diane F. Ward, Clerk -2- Exhibit A Assessment Roll Parcel No. Legal Description Per Lot Assessment 19.030.20.14.0045 Lot 1, Block 1, Brown's Creek Cove $403.54 19.030.20.14.0047 Lot 3, Block 1, Brown's Creek Cove $403.54 19.030.20.14.0051 Lot 7, Block 1, Brown's Creek Cove $403.54 19.030.20.14.0055 Lot 11, Block I, Brown's Creek Cove $403.54 19.030.20.14.0057 Lot 13, Block 1, Brown's Creek Cove $403.54 19.030.20.14.0058 Lot 14, Block 1, Brown's Creek Cove $403.54