98-100 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: November 9~ 1998 RESOLUTION NO: 98-100
MOTION BY: Berquist SECONDED BY: Mason
A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR STREET AND
UTILITY IMPROVEMENTS IN ARBORETUM BUSINESS PARK, PROJECT NO. 97-1
WHEREAS, pursuant to proper notice duly given as required by law, the Council has met and
heard no objections to the proposed assessment for Street and Utility Improvements in Arboretum
Business Park Project No. 97-1; and
WHEREAS, this assessment is for three projects (Project Nos. 97-1A, 97-1B-2, and 97-1D)
of the overall capital improvement Project 97-1 in the Arboretum Business Park located in the
southeast quadrant of Trunk Highway 5 and Trunk Highway 41.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Chanhassen, Minnesota:
Such proposed 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.
Such assessment shall be payable in equal annual principal installments
extending over a period of eight (8) years and shall bear interest at the rate
of seven & one half percent (7.5%) per annum from the date of the adoption
of this assessment resolution. To the first installment, due in 1999, shall be
added the interest on the entire assessment from the date of this resolution until
December 31, 1998. To each subsequent installment when due shall be added
interest for one year on all unpaid installments.
The owner of any property so assessed may, at any time prior to certification
of the assessment to the county auditor, pay the whole or partial payment of
the assessment on such property with no interest charged if paid within 30
days from the adoption of this resolution; and they may, at any time thereafter,
pay to the city treasurer the entire principal balance of the assessment remaining
unpaid. As such payments are made, current annual amounts certified at the
county shall remain payable as part of the property tax process.
4. The clerk shall forthwith transmit a certified duplicate of this assessment to
the county auditor to be extended on the proper tax lists of the county, and
such assessment shall be collected and paid in the same manner as other municipal
taxes.
BE IT FURTHER RESOLVED that the Chanhassen City Council hereby adopts the
assessment roll for Arboretum Business Park Street and Utility Improvements Project No. 97-1 dated
October 8, 1998 with the interest rate and term to be 7.5% and 8 years respectively.
Passed and adopted by the Chanhassen City Council this 9th day of November, 1998.
ATTEST:
Don Ashworth, City Clerk/Manager
Nancy K. Mancino, Mayor
YES
Mancino
Engel
Senn
Mason
Berquist
NO ABSENT
None None