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HomeMy WebLinkAboutResolution No. R20-61RESOLUTION NO. R20-61 A RESOLUTION LEVYING AND ASSESSING THE ANNUAL COST OF SIDEWALK IMPROVEMENTS FOR RESIDENTIAL PROPERTIES PURSUANT TO THE CITY'S RESIDENTIAL SIDEWALK REPLACEMENT PROGRAM WITHIN THE CITY OF LAUREL, MONTANA, FOR FISCAL YEAR 2020-2021. WHEREAS, the Laurel City Council, pursuant to Chapter 12.04 of the Laurel Municipal Code, previously established the City's Residential Sidewalk Replacement Program to assist property owners with sidewalk repairs and/or replacements; and WHEREAS, the Laurel City Council must levy and assess an annual payment for the purposes of paying for the improvements to participating properties listed on the attached Exhibit A. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Laurel, Montana: Section 1. That for the purpose of paying for the improvements constructed in the Residential Sidewalk Replacement Program of the City of Laurel, Montana, the City hereby levies and assesses the annual amount provided for the properties listed on the attached Exhibit A. Section 2. That the annual installment payable in the year 2020 shall be placed on the tax roll for the said year and collected in the same manner as other taxes. Section 3. That the said installment shall become delinquent at five o'clock, p.m., on the 301h day of November 2020 and at five o -clock, p.m., on the 3151 day of May 2021, when such payments are due and payable. Section 4. That when the assessments become delinquent, the property is sold for taxes. Section 5. The revenue collected under this resolution shall be paid into the Residential Sidewalk Replacement Program Fund of the City of Laurel, Montana. Section 6. The Clerk -Treasurer is hereby directed upon final passage and approval of this resolution to certify a copy of the same to the County Treasurer of Yellowstone County, Montana. Introduced at a regular meeting of the City Council on September 1, 2020, by Council Member Stokes. 2020. PASSED and APPROVED by the City Council of the City of Laurel this I" day of September APPROVED by the Mayor this I't day of September 2020. CITY OF L REL somas C. Nelson, Mayor R20-61 Residential Sidewalk Replacement Program 2020-2021 ATTEST: Bethany Langve, Approved a :QO Sam S. Painter, Civil City Attorney R20-61 Residential Sidewalk Replacement Program 2020-2021 08/31/20 CITY OF LAUREL 16:45:18 Assessment Detail 2020 Inactive Properties Included, SA/SID k Codes from 20 SIDE to 20 SIDE 20 SIDE 2020 Sidewalk Assessment Tax ID Name Area Frontage ______________ ___________________________ ____________ ___________ B001440 ERICKSON, SEAN M & KIMBERLY B003660 RESER, MICHAEL J 6 JUANITA Total for Assessment W of Lines 2 Grand Total Page: 1 of 1 Report ID: T105A Taxable Rate Code Status CALC. CALL. Amount Pay? 498.75 0 1,905.75 0 2,404.50 2,404.50 Total Project Cost $ 2,100.00 5% Interest Erickson, Sean M & Kimberly R Tax ID 800144 320 6th Avenue TOTALS 288.75 $ 2,100.00 $ 2,388.75 Tax Remaining Payment Principal Payment Number Due Date Interest Principal Balance Payment Total 1 11/30/2019 $ 52.50 $ 210.00 $ 1,890.00 $ 262.50 2 5/31/2020 $ 47.25 $ 210.00 $ 1,680.00 $ 257.25 3 11/30/2020 $ 42.00 $ 210.00 $ 1,470.00 $ 252.00 4 5/31/2021 $ 36.75 $ 210.00 $ 1,260.00 $ 246.75 5 11/30/2021 $ 31.50 $ 210.00 $ 1,050.00 $ 241.50 6 5/31/2022 $ 26.25 $ 210.00 $ 840.00 $ 236.25 7 11/30/2022 $ 21.00 $ 210.00 $ 630.00 $ 231.00 8 5/31/2023 $ 15.75 $ 210.00 $ 420.00 $ 225.75 9 11/30/2023 $ 10.50 $ 210.00 $ 210.00 $ 220.50 10 5/31/2024 $ 5.25 $ 210.00 $ - $ 215.25 TOTALS 288.75 $ 2,100.00 $ 2,388.75 Total Project Cost $ 7,700.00 5% Interest Reser, Michael & Juanita Tax ID 800366 420 W 8th St Tax Remaining Payment Principal Payment Number Due Date Interest Principal Balance Payment Total 1 11/30/2020 $ 192.50 $ 770.00 $ 6,930.00 $ 962.50 2 5/31/2021 $ 173.25 $ 770.00 $ 6,160.00 $ 943.25 3 11/30/2021 $ 154.00 $ 770.00 $ 5,390.00 $ 924.00 4 5/31/2022 $ 134.75 $ 770.00 $ 4,620.00 $ 904.75 5 11/30/2022 $ 115.50 $ 770.00 $ 3,850.00 $ 885.50 6 5/31/2023 $ 96.25 $ 770.00 $ 3,080.00 $ 866.25 7 11/30/2023 $ 77.00 $ 770.00 $ 2,310.00 $ 847.00 8 5/31/2024 $ 57.75 $ 770.00 $ 1,540.00 $ 827.75 9 11/30/2024 $ 38.50 $ 770.00 $ 770.00 $ 808.50 10 5/31/2025 $ 19.25 $ 770.00 $ - $ 789.25 TOTALS $ 1,058.75 $ 7,700.00 $ 8,758.75