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2010-79A CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: September 13, 2010 RESOLUTION NO: 2010 -79A MOTION BY: Ernst SECONDED BY: Litsey A RESOLUTION ADOPTING ASSESSMENT ROLL AND APPROVE THE ASSESSMENT AGREEMENT FOR THE MEDICAL ARTS AND COLONIAL SQUARE PARKING LOT REHABILITATION PROJECT NO. 10 -05 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 for the improvement of: Medical Arts and Colonial Square Parking Lots NOW THEREFORE, BE IT RESOLVED by the City Council of Chanhassen, Minnesota: 1. Such proposed assessment, a copy of which is attached hereto and made a part hereof, if 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 equal annual installments extending over a period of ten (10) years, the first of the installments to be payable on or before the first Monday in January, 2011, and shall bear interest at the rate of 5.25 percent (5.25 %) per annum from the date of the adoption of this assessment resolution. This assessment will show up on the first property tax statement for 2011. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 2010. 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 treasurer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution (anticipated date of adoption is September 13, 2010); and he 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. The property owner decides not to prepay the assessment before the date given above, the rate of interest that will apply is 5.25 percent (5.25 %) per year. The right to partially prepay the assessment is not available. 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. • • 5. A Special Assessment Agreement is needed for the Colonial Square Parking Lot Improvements (406 W. 78 Street) since some of the work is proposed to be constructed on private property. Passed and adopted by the Chanhassen City Council this 13 day of September, 2010. ATTEST: To d Gerhardt, City Manager Thomas A. Furlong, Mayor YES NO ABSENT RECUSED Ernst Furlong Litsey McDonald Tj ornhom •