2001-028 CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2001-28
ADOPTION OF SPECIAL ASSESSMENT FOR PARKING LOT 750 CONSTRUCTION
WHEREAS, the City of Hopkins has incurred certain costs and expenses in acquiring and
improving City Parking Lot 750, totaling $350,863.94; and
WHEREAS, pursuant to the document entitled "Parking Lot Lease ('Lease')" entered into
by and between the City of Hopkins and U.S. Bank National Association ("U.S. Bank") dated
June 13, 2000, U.S. Bank has agreed that such costs of construction of Parldng Lot 750 may be
specially assessed against the real property described in Exhibit A attached hereto, pursuant to
Minnesota Statute Section 459.14 and Chapter 429, and has waived all rights to notice of or ob-
jection to such special assessments; and
WHEREAS, the City Council of the City of Hopkins has approved the construction of City
Parking Lot 750 and the costs and expense to be specially assessed as provided in the Lease.
NOW, THEREFORE, BE IT RESOLVED by the City of Hopkins, Minnesota that:
Such special assessments in the amount of $350,863.94 are hereby accepted and approved
and shall constitute special assessments against the land described in Exhibit A hereto in
accordance with the lease and with Minnesota Statute Section 459.14 and Chapter 429.
Such assessments shall be payable in equal semi-annual installments payable at the same
time as real estate taxes extending over a period often years, the first of the installments
to be payable on May 15, 2002, and shall bear interest at the rate of 8 percent per annum
from the date of the adoption of this assessment resolution. To the first installment shall
be added interest on the entire assessment from May 15, 2001, until December 31, 2001.
To each subsequent installment when due shall be added accrued interest for the preceding
year on all unpaid assessments.
3. The clerk shall forthwith transmit a certified duplicate of the assessment to the County
Auditor to be extended on the property tax lists of the County, and such assessments shall
be collected and paid over in the same manner as other municipal taxes.
Adopted this /~ day of/99t~ ~ 2001.
t/T~rry Obe~{er, ' ' ' '
Euge~e/J. Maxwell, Mayor
EXHIBIT A
Lots 7, 8, 9 and the south 45 feet of Lot 6, Block 68, West Minneapolis Second Division, accord-
ing to the recorded plat thereof, Hennepin County, Minnesota.
Property Idemification No. 24-117-22-31-0127.