2025-026 Resolution Adopting Assessment Roll Central Avenues Improvement City Project 2024-10CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2025-026
RESOLUTION ADOPTING ASSESSMENT ROLL
CENTRAL AVENUES IMPROVEMENTS
CITY PROJECT 2024-10
WHEREAS, pursuant to proper notice duly given as required by law, the City Council
has met and heard and passed upon all objections to the proposed assessment for the
improvement of Central Avenues Street and Utility Improvements, as described in the
files of the City Clerk as Project 2024-10.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Hopkins, Minnesota,
that:
Such proposed assessment, as may be amended and 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.
2. Such assessment shall be payable in equal annual installments extending over a
period of fifteen years, the first of the installments to be payable on or after the first
Monday in January 2026, and shall bear interest at 2 percentage points above the
Total Interest Cost of the bonds issued for the project. Bonds will be issued for the
project in May, 2025. To the first installment shall be added interest on the entire
assessment from July 31, 2025, until November 1, 2025. To each subsequent
installment when due shall be added interest from one year on all unpaid
installments.
3. It is hereby declared to be the intention of the Council to reimburse itself in the
future for the portion of the cost of this improvement paid for from municipal funds
by levying additional assessments, on notice and hearing as provided for the
assessments herein made, upon any properties abutting on the improvement but
not made, upon any properties abutting the improvement but not herein assessed
for the improvement, when changed conditions relating to such properties make
such assessment feasible.
4. 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 by the council this 15t" day of April, 2025.ao(�wLm-
atri an on, Mayor
Amy Domeier, City Clerk