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RESOLUTION DECLARING COST TO BE ASSESSED AND <br />ORDERING PREPARATION OF PROPOSED ASSESSMENT <br />VIKING DRIVE (McMENEMY ROAD TO EDGERTON STREET) <br />WHEREAS, <br />A contract has been let for the improvement of Viking Drive from McMenemy Road to <br />Edgerton Street by street reconstruction, concrete curb and gutter, concrete driveway <br />aprons, water main, and storm sewer and the contract price for such improvement is $ <br />, and the expenses incurred in making of such improvement amount to $ so that <br />the total cost of the improvement will be $ <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LITTLE <br />CANADA, MINNESOTA: <br />The portion of the cost of such improvement to be paid by the City is hereby <br />declared to be $ and the portion of the cost to be assessed against benefited <br />property owners is declared to be $ <br />Assessments shall be payable in equal annual installments extending over a period <br />of ten years, the first of the installments to be payable on or before the first <br />Monday in January, 2000, and shall bear interest at the rate of seven (7) percent <br />per annum from the date of the adoption of the assessment resolution. <br />The City Administrator, with the assistance of the City Engineer shall forthwith <br />calculate the proper amount to be specially assessed for such improvement against <br />every assessable lot, piece or parcel of land within the district affected, without <br />regard to cash valuation, as provided by law, and he shall file a copy of such <br />proposed assessment in his office for public inspection. <br />4. The City Administrator shall upon the completion of such proposed assessment, <br />notify the Council thereof. <br />Adopted by the Council this 22nd day of September, 1999. <br />Attest: <br />Michael I. Fahey, Mayor <br />Joel R. Hanson, City Administrator <br />PAGE 129 <br />