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Res 1999-69 RESOLUTION NO.69-1999 RESOLUTION ADOPTING ASSESSMENT FOR 57TH AVENUE STREET IMPROVEMENT PROJECT NO. ST 1997-4 WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment for the 57th Avenue Street Improvement Project No. 1997-4. NOW THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF FRIDLEY,MINNESOTA: 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. Such assessment shall be payable in equal annual installments extending over a period of ten years, the first of the installments to be payable.on or before the first Monday in January, 2000, and shall bear interest at the rate of 6 %2 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 the date of this resolution until December 31, 2000. To each subsequent installment when due shall be added interest for one year on all unpaid installments. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the city treasurer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and he may, at any time thereafter, pay to the city treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. The Finance Director 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 13' DAY OF SEPTEMBER 1999. At) '• N CY Jr.if'Gr S -MAYOR ATTEST: Oxf/61,-i,DEBRA A. SKOGEN ITY CLERK Resolution No. 69-1999 Page 2 ATTACHMENT 1 ASSESSMENT ROLL FOR 57TH AVE STREET IMPROVEMENT PROJECT NO. ST 1997-4 Name PIN No. Front Estimated Actual$98.89 Ft Assessment for Per Front Ft Improvements Assessment $101.31 Per Front Ft Erickson Petroleum Corp 23-30-24-32-0005 835.21 $85,191.42 $0 SEE NOTE 250 57th Ave NE 4567 West 80th Street Bloomington MN 55437 Lyndale Terminal Co. "Holiday" 200 57th Ave NE Fridley MN 55432 Erickson Petroleum Corp 23-30-24-32-0007 232.85 $0 $23,026.54 SEE NOTE 200 57th Ave NE 4567 West 80th Street Bloomington MN 55437 Lyndale Terminal Co. "Holiday" 200 57th Ave NE Fridley MN 55432 Erickson Petroleum Corp 23-30-24-32-0008 602.36 $0 $59,567.38 SEE NOTE 250 57th Ave NE 4567 West 80th Street Bloomington MN 55437 Lyndale Terminal Co. "Cub Store&Gander Mountain" 250 57th Ave NE Fridley,MN 55432 Captec Net Lease Realty,Inc. 23-30-24-32-0006 230.33 $23,493.66 $22,777.33 "Cattle Company Restaurant" 5696 University 24 Frank Lloyd Wright Drive Ave NE Ann Arbor,MI 48106 A R G Enterprises,Inc. Attn: Jan Martin 4410 El Camino Rd Ste#201 Los Altos CA 92604 Flying Dutchman Enterprises 23-30-24-23-0023 245.00 $24,990.00 $24,228.05 "Hardee's Restaurant" 289 sr Ave NE 2401 American Lane Ste#210 Madison WI 53704 Hardee's Food Systems,Inc P 0 Box 1600 Rowlett TX 75030 David W&Norma Rust 23-30-24-23-0022 120.00 $14,400.00 $11,866.80 5735 Quincy Street NE 262 57th Ave NE Fridley MN 55432 Mr.Nath Franchise Group 23-30-24-23-0021 193.00 $19,686.00 $19,085.77 900 East 79th Street 255 57th Ave NE Bloomington MN 55420 Linn Property Holdings LLC 23-30-24-23-0145 480.00 $48,960.00 $47,467.20 Fridley Tire&Auto Center 251 57th Ave NE 1561 Woodlane Drive Woodbury MN 55125 NOTE: PIN 23-30-24-32-0005 was split into PIN#'s 23-30-24-32-0007&23-30-24-32-0008 on August 18, 1999