Resolution No. 2024-135, Adopting the Assessment for 2024 Street Rehabilitation Project No. ST2024-01
Resolution No. 2024-135
Adopting the Assessment for 2024 Street Rehabilitation Project No. ST-2024-01
Whereas, pursuant to proper notice duly given as required by State law, the City Council has met
and heard and passed upon all objections to the proposed assessment for the 2024 Street
Rehabilitation Project No. ST-2024-01.
Now, therefore be it resolved, by the City Council of the City of Fridley hereby approves:
1. Such proposed assessment, 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
10 years, the first of the installments to be certified to property taxes in 2024 and shall
bear interest at the rate of 4.90% 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 the date of this resolution until December 31, 2025. To each subsequent
installment when due shall be added interest for one year on all unpaid installments.
3. The owner of any property so assessed may, at any time prior to certification of the
assessment to the County, make one payment of at least one hundred dollars ($100.00),
to the City of Fridley; no interest shall be charged if the entire assessment is paid within
30 days from the adoption of the assessment. A property owner may pay to the City of
Fridley the entire amount of the assessment remaining unpaid, with interest accrued to
December 31 of the year in which such payment is made. Please note, no payments will
be accepted between November 15 and December 31 of any year.
4. Upon receipt of any such prepayment, the City Clerk, with the assistance of the City
Treasurer, shall note the same upon the records of the City, credit the payee therefore, and
reduce the assessment as originally made in the amount of the prepayment received. The
balance remaining shall then be noted as the amount due and may then be certified to
the county together with and as a part of the assessment roll in which the original amount
due was contained.
5. The City Clerk shall forthwith transmit a certified duplicate of this assessment to the county
auditor to be extended on the property tax lists of the county. Such assessments shall be
collected and paid over in the same manner as other municipal taxes.
Passed and adopted by the City Council of the City of Fridley this 14th day of October 2024.
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Scott J. Lund – Mayor
Attest:
Melissa Moore – City Clerk