15-070CITY OF SHOREWOOD
RESOLUTION NO. 15 -070
A RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENTS, AND CALLING FOR HEARING ON
THE PROPOSED ASSESSMENT
STAR LANE AND STAR CIRCLE IMPROVEMENT PROJECT
CITY PROJECT 14 -11
RECITALS
1. On January 12, 2015, the Shorewood City Council approved the feasibility study
and ordered plans and specifications for Star Lane and Star Circle Improvement Project, City
Project No. 14 -11, the improvement of Star Lane from Smithtown Road to the cul -de -sac and Star
Circle form Star Lane to the cul -de -sac, including extension of watermain with services, sanitary
sewer rehabilitation, storm sewer, curb and gutter and street (the Improvement).
2. The City of Shorewood solicited bids for construction and let an award with the
contract price for such improvement of $665,018.13, and the expenses incurred or to be incurred in
the making of such improvement estimated to be $130,000 for a total cost of the Improvement to
be $795,018.13.
NOW THEREFORE, BE IT RESOLVED by the City Council of Shorewood,
Minnesota as follows;
1. The portion of the cost of such Improvement to be paid by the city is hereby
declared to be $672,111.83 and the portion of the cost to be assessed against
benefited property owners is declared to be $122,906.30.
2. Assessments shall be payable in equal annual installments extending over a period
of ten years, the first of the installments to be payable on or before the first Monday
in January 2016, and shall bear interest at the rate determined from the U.S.
Department of the Treasury Daily Treasury Long -Term Rates for greater than 10-
years, from the date of the adoption of the assessment resolution plus 2 percent.
The City Clerk, with the assistance of the City Engineer, shall calculate the proper
amount to be specially assessed for such Improvement against every assessable lot,
piece or parcel of land within the district affected, without regard to cash valuation,
as provided by law, and shall file a copy of such proposed assessment in the office
of the City Clerk for public inspection.
4. The clerk shall upon the completion of such proposed assessment, notify the
council thereof.
NOW THEREFORE, BE IT FURTHER RESOLVED,
1. A hearing shall be held at 7:00 p.m. on October 26, 2015, in the Shorewood City
Hall located at 5755 Country Club Road, Shorewood, MN 55331 to pass upon such
proposed assessment. All persons owing property affected by such improvement
will be given an opportunity to be heard with reference to such assessment.
2. The City Clerk is hereby directed to cause a notice of the hearing on the proposed
assessment to be published once in the official newspaper at least two weeks prior
to the hearing. The Clerk shall state in the notice the total cost of the Improvement,
and shall also cause mailed notice to be given to the owner of each parcel described
in the assessment roll not less than two weeks prior to the hearing.
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, except that no
interest shall be charged if the entire assessment is paid within 30 days from the
adoption of the assessment. An owner may at any time thereafter, pay to the City
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
succeeding year.
PASSED AND ADOPTED by the City Council of the City of Shorewood this 28th
day of September, 2015.
Sc t Zerby, is or
ATTEST:
Jean Panchyshyn, Ci Cl k