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Res 75 - 74 Adopting & Confirming Assessments for Inland Industrial Park ImprovementsCzty o� Mendota Fieights Dakota County, Minnesota RESOLUTION NO. 75--74 RESOLUTION ADOPTING AND CONFIRMING ASSESS- MENTS FOR INLAND INDUSTRIAL PARK IMPROVEMENTS (IMPROVEMENT NO. 74, PROJECT N0. 1) BE IT RESOLVED by the City Council of the City of Mendota Heights as follows: WHEREAS, the City Clerk with the assistance of Edward F. Kishel, Engineer for the City of Mendota Heights, has calculated the proper amount to be specially assessed for Improvement 74, Project No. 1 (construction of sanitary sewers, water mains, storm sewers, and street improvements to serve Inland Industrial Park) against every assessable lot, piece or parcel of land affected thereby upon the basis of benefits, without regard to cash valuation, in accordance with the provisions of Chapter 429, Minnes.ota Statutes Annotated, particularly of Section 429.051 thereof; and WHEREAS, the proposed assessment roll has been on file with the Clerk and at all times since its filing has been open for public inspection; and notice thereof has been duly published and mailed as required by law. Said notice stated the date, time and place of such meeting; the general nature of the improvement; the area proposed to be assessed; that the proposed assessment roll has been on file with the Clerk; and that written or oral objections thereto by any property owner would be considered; and WHEREAS, said hearing was held at 8:00 o'clock P.M. on August 12, 1975, at the City Hall in the City of Mendota Heights, Minnesota; and WHEREAS, the Mayor announced that the hearing was open for the con- sideration of objections, if any, to said proposed assessments; and WHEREAS, all persons present were then given an opportunity to pre- sent oral objections, and all written objections theretofore filed with the Clerk were presented and considered; and WHEREAS, the hearing was continued until 8:00 o'clock P.M. on September 2, 1975, at the City Hall in the City of Mendota Heights, Minnesota, and WHEREAS, said hearing was reconvened on September 2, 1975, and the Mayor announced that said reconvened hearing was open for the con- sideration of objections, if any, to said proposed assessments; and WHEREAS, all persons present were then given an opportunity to pre- sent oral objections, and all written objections theretofore filed with the Clerk were presented and considered; and ... r NOW THEREFORE, this Council, having heard and considered all objections so presented, and being fully advised in the premises, and having made all necessary adjustments and corrections, finds that each of the lots, pieces and parcels of land enumerated in the proposed assessment roll was and is specially benefited by the construction of said improvement in not less than the amount of the assessment, as corrected, set oppo- site the description of each such lot, piece and parcel of land, respectively, and that such amount so set out is hereby levied against each of the respective lots, pieces and parcels of land therein des- cribed; and BE IT FURTHER RESOLVED, that the proposed assessment ro11 as so cor- rected is hereby adopted and conf irmed as the proper special assessment for each of said lots, pieces, and parcels of land respectively, and the assessment against each parcel, together with interest at the rate of seven per cent (7�) per annum accruing on the fu11 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 assessment as to sanitary and storm sewers and water shall be payable in equal annual installments extending over a period of nineteen (19) years and as to street improvements shall be payable in equal annual installments extending over a period of ten (10) years; the first of said install- ments, together with interest on the entire assessment from the date hereof to December 31, 1976, to be payable with general taxes for the year 1975, collectible in 1976, (now designated as real estate taxes payable in 1976), and one of_each of the remaining installments, together with one year's interest on that and all other unpaid install- ments, to be payable with general taxes for each consecutive year thereafter until the entire assessment is paid; and BE IT FURTHER RESOLVED, that prior to October 2, 1975, the owner of any lot, piece or parcel of land assessed hereby may at any time pay the whole of such assessment, without interest to the City Treasurer, and BE IT FURTHER RESOLVED, that the�Clerk shall prepare and transmit to the County Auditor a certified duplicate of said assessment roll with each then unpaid installment and interest set forth separately, to be extended upon the proper tax lists of the County, and the County Auditor shall thereafter collect said assessments in the manner pro- vided by law. Adopted by the City Council of the City of Mendota Heights this 2nd day of September, 1975. � �Tw Gilbert M. ��baug City Clerk CITY COUNCIL CI 0 MEND A HEI HTS By � Donald L. Huber Mayor 0 EXTRACT 4F M�NiTTES QF MEETIN� OF THE CITY COUNGIL OF THE CITY QF MENi�OTA HEIGHTS, MINN�SQTA HELD� SEPTEMBER 2, 1975 - Pursuant to due call and no�ice thereof, a regu I ar mee�ing af �he City Cauncil of the Gi�y af Mendo�a H�igh,�s, . Dako�a Coun�y, Minnesota, w�.s .duly held a� the Ci.ty Hall in said Ci�y on the 2nd day of September, 1975, at $;00 o'cl.ock P.M, for the purpose of opening and cansidering bids:far and awarding the sa1.e of $925,000 General Obl3.gation Temparary � Impravement Bonds, Ser�.es 1975• The follawzng members were present: �uber Wahl, Lockwood, Lasleben, Gutzmer ' and �he following were absenf : None . The Clerk presen�ed_ affidavits showing p�ublica�3.on vi i�oti.ce o.0 calz .i t�r• i�ids c�n $�2�, �uu ueri�F�a.:t vb.?,ig�,.�ion . Temporary Tmpravement Bonds, Series 1�75 af the City, for which bids were �o be'received at �his mee�ingp in aecardance with the resolu�ion, adapted by the Ci�y Cauncil an Augus� 5, �-�75. Said affidavzts were examined, found to com�aly wi�h the provisions of Minnesota Statu�es, Chapter 475, and were approved and ordered placed on file. The Cauncil proceeded to receive and qpen bids ior �he sale af said T�onds, The following bids were received: . Bidder � Fir.st National Bank St. Paul BancNorthwest Dain Kaiman Quaii 'Interest Ra�� �4� 5.4 , 5 3/4 Net In�er�s� Cost 5.430 • 5.580 ::.