2018-043 Resolution Adopting Assessment Roll 2018 Street and Utility Improvements City Project 2017-10 CITY OF HOPKINS
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO. 2018-043
RESOLUTION ADOPTING ASSESSMENT ROLL
2018 STREET AND UTILITY IMPROVEMENTS
CITY PROJECT 2017-10
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 2018 Street and Utility Improvements, as described in the files of the City Clerk
as Project 2017-10.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hopkins,
Minnesota:
1. 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 2019, and shall bear interest at the rate of 2 percentage points
above the Total Interest Cost of the bonds issued for the project. To the first
installment shall be added interest on the entire assessment from August 1, 2018,
until December 31, 2019. 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. To the extent that this improvement benefits non-abutting properties which may be
served by the improvement when one or more later extensions or improvements are
made, but which are not herein assessed, therefore, it is hereby declared to be the
intention of the Council, as authorized by Minnesota Statutes Section 429.051, to
reimburse the city by adding any portion of the cost so paid to the assessments levied
for any of such later extension or improvements.
5. 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 City Council of the City of Hopkins, Minnesota, this 15th day of May 2018.
ByLi1:l%1f�044,�,,
Molly Cummings, Maybr
ATTEST:
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Amy Domeier, City Clerk