09-23-1992 Council Agenda - Laserfiche WebLink

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RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT IMPROVEMENT NO. 92 -4 TWIN LAKE BLVD. SHOULDER PAVING IMPROVEMENT WHEREAS, A contract has been let for the improvement of the Twin Lake Blvd. area which lies between the intersections of Vadnais Blvd. by shoulder paving and the contract price for such improvement is $4,026.00, and the expenses incurred or to be incurred in making of such improvement amount to $500.00 so that the total cost of the improvement will be $4,526.00. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LITTLE CANADA, MINNESOTA: 1. The portion of the cost of such improvement to be paid by the City is hereby declared to be $905.20 and the portion of the cost to be assessed against benefited property owners is declared to be $3,620.80. 2. Assessments shall be payable in equal annual installments extending over a period of one year, the first of the installments to be payable on or before the first Monday in January, 1993, and shall bear interest at a rate of 5 percent per annum from the date of the adoption of the assessment resolution. 3. The City Administrator, with the assistance of the City Engineer (Consulting Engineer) shall forthwith calculate the proper amount to be specially assessed for such improvement against every assessable lot, piece or parcel of land within the district affected, without regard to cash valuation, as provided by law, and he shall file a copy of such proposed assessment in his office for public inspection. Adopted by the Council this 23rd day of September, 1992. Page 59