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93-92 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: Sevtember 27, 1993 RESOLUTION NO: 93-92 MOTION BY: Senn SECONDED BY: Dockendorf A RESOLUTION ADOPTING THE ASSESSMENT ROLL FOR LONE CEDAR LANE, PROJECT NO. 90-9 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 Lone Cedar Lane, Project No. 90-9; and WHEREAS, this project was a joint cooperative effort with the Minnesota Department of Transportation (MnDOT) and two property owners adjacent to Lone Cedar Lane and Trunk Highway 5, with 85% of the project costs paid by MnDOT and the balance paid by special assessments to the benefitting properties and local funds. 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 benefitted by the proposed improvement in the amount of the assessment levied against it. 2, 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 7¼% per annum from the date of the adoption of this assessment resolution. To the first installment, due in 1994, shall be added interest on the entire assessment from the date of this resolution until December 31, 1992. To each subsequent installment when due shall be added interest for one year on all unpaid installments. e 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. e 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 assessments shall be collected and paid over in the same manner as other municipal taxes. Passed and adopted by the Chanhassen City Council this 27th day of September, 1993. ATTEST: Don Ashworth, City Clerk/Manager YES NO ABSENT Chmiel Mason Dockendorf Senn None Wing ASSESSMENT ROLL FOR LONE CEDAR LANE IMPROVEMENT PROJECT NO. 90-9 PIN 25-1700030 Lot 3, Block 1, Cedar Crest Joseph W. and Marilyn K. Mitlyng 3800 Lone Cedar Circle Chaska, MN 55318 Street and Drainage Assessment: $4,543.50 PIN 25-1700040 Lot 4, Block 1, Cedar Crest Scott and Laurie Gauer 3820 Lone Cedar Circle Chaska, MN 55318 Street and Drainage Assessment: $1,514.50