09/27/2010 Council Packet - Laserfiche WebLink

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Council Member introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 10 -88 RESOLUTION DECLARING COSTS TO BE RE- ASSESSED, PINE STREET PAVING IMPROVEMENTS WHEREAS, a resolution of the City Council adopted the 28th day of September 2009 called for a Public Hearing on the proposed paving improvements of Pine Street from Lake Drive to 4th Avenue, AND WHEREAS, ten days' mailed notice and two weeks' published notice of the hearing was given, and the hearing was held thereon on the 26th day of October, 2009, at which all persons desiring to be heard were given an opportunity to be heard thereon, AND WHEREAS, Resolution 10 -39, Declaring Costs to be Assessed, Pine Street Paving Improvements approved on April 26, 2010 is being replaced with this resolution based on the final project costs, AND WHEREAS, The costs to pave Pine Street will be split as a 50% - 50% cost share with the City of Columbus and it is proposed to finance the project with special assessments assessed 100% to the benefited property owners, AND WHEREAS, this improvement project is subject to a Joint Powers Agreement between the City of Columbus and the City of Lino Lakes Regarding the Pine Street Paving Improvements and Maintenance, WHEREAS, pursuant to a resolution passed by the council on January 25, 2010, TKDA has prepared plans and specifications for the paving improvement of Pine Street and has presented such plans and specifications to the council for approval, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LINO LAKES, MINNESOTA: 1. The project is 100% assessed to the benefited property owners. The City will be re- assessing $169,647.44 at this time. 2. Assessments shall be payable in equal annual installments extending over a period of 15 years, and shall bear interest at the rate of 7 percent per annum from the date of the adoption of the assessment resolution. 3. The City Clerk, with the assistance of the City Engineer, shall forthwith calculate the proper amount to be specially re- assessed for such improvement against every assessable lot, piece or parcel of land within the district affected, without regard to