HomeMy WebLinkAboutResolution No. 2014-048 Supplemental Assessment Agreement 4316 Eton Ave r AL
e
RESOLUTION NO. 2014-48
APPROVING SUPPLEMENTAL ASSESSMENT AGREEMENT
WHEREAS, the City of Edina levied a special assessment on 4316 Eton Place on October 2,
2012 for roadway reconstruction in the amount of$2,031.94;
WHEREAS, the City of Edina, during the Public Improvement Hearing for the Morningside B
Roadway Improvement Project on December 10, 2013, found an error in the assessment levied
against 4316 Eton Place;
WHEREAS, Hennepin County requires a resolution from the City of Edina to complete the
correction to the assessment and list the correction to Levy#18286 to PID 07-028-24-44-010 after 2
years of payments as shown;
WHEREAS, The City and the Property Owner have entered into a supplemental Assessment
Agreement agreeing to a corrected special assessment and waiving the public hearing for a
supplemental assessment;
NOW THEREFORE, BE IT RESOLVED, by the City Council:
The following Supplemental Assessment for the Subject Property for Levy#18286 to PI 07-028-
24-44-010 is adopted:
Installment Payable Principal Interest Total Total
# Year Principal
Balance
Beginning
Balance 670.54
1 2013 109.29 36.48 172.77 561.25
2 2014 112.68 60.09 172.77 448.57
3 2015 28.54 13.91 42.45 420.03
4 2016 29.43 13.02 42.45 390.60
5 2017 30.34 12.00 42.45 360.26
6 2018 31.28 11.17 42.45 328.98
7 2019 32.25 10.20 42.45 296.73
8 2020 33.25 9.20 42.45 263.48
9 2021 34.28 8.17 42.45 229.20
10 2022 35.34 7.11 42.45 193.86
1 1 2023 36.44 6.01 42.45 157.42
12 2024 37.57 4.88 42.45 119.85
13 2025 38.73 3.72 42.45 81.12
14 2026 39.94 2.51 42.45 41.18
15 2027 41.17 1.28 42.45 0.01
Totals 670.53 199.75 897.39
ENGINEERING DEPARTMENT
7450 Metro Boulevard•Edina,Minnesota 55439
www.EdinaMN.gov•952-826-0371 •Fax 952-826-0392
Dated: May 6, 2014
Attest:
Debra A. Ma n, Cify Clerk James B. ovland, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify
that the attached and foregoing Resolution was duly adopted by the Edina City Council at its
Regular Meeting of May 6, 2014, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 20_
City Clerk