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J;:;' ..- Of- ..e CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA RESOLUTION ADOPTING 1980 NORTH AREA SEWER & WATER PROJECT 71-1 ASSESSMENT ROLL Date: May 12, 1980 Motion by Councilman Pearson Resolution No. 80-15 Seconded by Councilman Swenson WHEREAS, the City of Chanhassen, by various resolutions adopted heretofore authorized the construction of the North Area Sewer & Water Project 71-1 and authorized the issuance of various debt instruments to finance said construction; and vffiEREAS, the City Council of the City of Chanhassen, by its resolution dated October 1, 1973 adopted an assessment roll for said Project 71~1; and WHEREAS, said assessment roll provided for assessments sufficient to pay only a portion of the costs of said Project 71-1; and WHEREAS, said resolution specifically declared the then intent of the City to reimburse itself in the future for the unassessed portion of the cost of said PDoject 71-1 by levying additional assessments; and e vffiEREAS, said October 1, 1973, partial assessment was levied on the basis of fiscal projections then before the City Council of the City of Chanhassen indicating that estimated connection charges to be collected from the developers of anticipated future commercial and residential construction would be sufficient to fully reimburse the City for the unassessed portion of the cost of said Project 71-1 and meet its debt service obligation; and WHEREAS, fiscal projections now before tlECity Council of the City of Chanhassen indicate that the sum of such connection charges collected by the City between October 1, 1973 and the date of this resolution and estimateu future connection charge collections will be insufficient to reimburse the City for the unassessed portion of the costs of said Project 71-1 and insufficient to timely retire the various debt instruments issued heretofore to finance said Project 71-1; and WHEREAS 5429.051 of Minnesota Statutes authorizes this City to levy additional assessments for the purpose of reimbursing the City for the previously unassessed costs of a public improvement project; and WHEREAS, ~429.071 of Minnesota Statutes authorizes the City to levy supplemental assessments for the purpose of making corrections relating to the total cost of a public improvement project or relating to any other particular; e . -~>) ;"';t .'. ..". " ..... e - - NOW, THEREFORE, BE IT RESOLVED by the City Council of Chanhassen, Minnesota, as follows: 1. The amount proper and necessary to be specially assessed for the North Area Sewer & Water Project 71-1 against every assess- able 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 and mailed 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 times 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, and said proposed assessment has been amended as to certain parcels of land as to the Council seems just. 2. This Council, having heard and considered all objections so presented, and being fully advised in the pr~mises, finds that each of the lots, pieces and parcels of land enumerated in the pro- posed assessment as so amended was and is specially benefitted, as measured by the increase in market value thereof, 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, and such amount so set out is hereby levied against each of the respective lots, pieces ,and parcels of land therein described. 3. The assessment against each parcel, together with interest at the rate of 7 % per annum accruing from the date of the adop- tion of this assessment roll on the full amount thereof from time to time unpaid, shall be a lien concurrent with general taxes upon such parcel and all thereof. The total amount of each such assess- ment shall be payable in equal annual principal installments extending over a period of 10 years, the first of said installments, together with interest on the entire assessment from the date hereof to December 31, 19 81, to be collectable with general taxes in the year 19 81, and one each of the remaining installments, together with one year's interest on that and all other unpaid installments, to be payable with general taxes in each consecutive year thereafter until the entire assessment is paid. 4. It is hereby declared to be the intention of the Council to reimburse itself in the future for the portion of the cost of this improvement paid for from municipal funds by levying additional assessments, on notice and hearing as provided for the assessments herein made, upon any properties abutting on the improvement but not herein assessed for the improvement, when changed conditions relating to such properties make such assessment feasible. -2- _oJ i ~..:' · "1 J..... ~J~ .. . .. e 5. To the extent that this improvement benefits non-abutting properties which may be served by the improvement when one or more later extensions or improvements aremade, but which are not herein assessed therefor, it is hereby declared to be the intention of the Council, as authorized by Minnesota Statutes, S429.05l, to reimburse the City by adding the portion of the costs so paid to the assess- ments levied for any such later extensions or improvements. 6. Prior to certification of the first installment of the assessment to the County Auditor, the owner of any lot, piece, or parcel of land assessed hereby may at any time pay the whole of such assessment, with interest to the date of payment, to the City Treasurer, or he may make partial payments pursuant to the ordinances providing therefor, but no interest shall be charged if such whole or partial payment is made within thirty (30) days after the date of the adoption of this resolution; and he may thereafter pay to the County Treasurer the installment and interest in process of collection on the then current tax list, and he may pay the remaining principal balance of the assessment to the City Treasurer. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. e 7. The City Clerk/Manager shall file the assessment rolls pertaining to this assessment in his office and shall certify annually to the County Auditor on or before October 10 of each year the total amount of installments and interest which are to become due in the following year on the assessment on each parcel of land included in the assessment roll. 8. The City Clerk/Manager shall also mail to each owner of a right of way or public property included in the assessment roll a notice specifying the amount payable by such-.owner as required by Minnesota Statutes, S429.06l, Subd. 4. Adopted by the Council of the C1 May , 1980. ATTEST. ~ 0 'F6 O-J&. City.frerl< Manag e YES Mayor Hobbs ~ounc11man Neveaux Councilman Swenson Councilman Pearson Councilman Geving NO None -3- ~ " ,'fJI ,.* - STATE OF MINNESOTA SS. COUNTIES OF CARVER AND HENNEPIN CITY OF CHANHASSEN I, the undersigned, being the duly qualified and acting Manager of the City of Chanhassen, Minnesota do hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of the City Council held on May 19, 1980, with the original thereof on file in my office and the same is a full, true and complete transcript therefrom insofar as the same relates to the issuance and sale of e $1,510,000 General Obligation Building Bonds of 1980, of the City. WITNESS My hand ~s Manager and the corporate seal of the City this C:;<~~ day of ~ '19/~ It, ~ UJL~~ City Manager City of Chanhassen, Minnesota ( SEAL) - - 9 - , (< . , ~ , e EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA Pursuant to due call and notice thereof, a regular meeting of the Council of the City of Chanhassen, Minnesota, was duly held in the City Hall in the City of Chanhassen on Monday, May 19, 1980, commencing at 7:30 o'clock p.m. The following members were present: Mayor Walter Hobbs, Councilman John Neveaux, Councilman Dale Geving, Councilman Pat SWenson and Councilman Richard Matthews. and the following were absent: None * * * * * * * * * The Mayor announced that the meeting was convened for the ~ consideration of the bids which had been received for the purchase of $1,510,000 General~bligation Building Bonds of 1980, as advertised for sale. The City Manager presented affidavits showing publication of notice of sale in the official newspaper and in Commercial West, a financial paper published in Minneapolis, Minnesota, which affidavits were examined and found satisfactory and ordered placed on file. The City Manager presented the bids which had been received by him prior to the time specified in the notice of sale, which had been opened and tabulated with the assistance of Juran & Moody, Inc., financial advisers to the City. The bids were as follows: --