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• <br />• <br />• <br />CITY OF LINO LAKES <br />RESOLUTION NO. 03 -164 <br />DECLARING COST TO BE ASSESSED, AND ORDERING PREPARATION OF <br />PROPOSED ASSESSMENT — INDIVIDUAL PROPERTIES WHICH REQUESTED <br />CONNECTION TO CITY UTILITIES <br />WHEREAS, contracts were let for installing watermain and sanitary sewer and the price <br />for such improvements is $41,623.76, <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, <br />MINNESOTA: <br />1. The portion of the cost to be assessed against benefited property owners is <br />declared to be $41,623.76. <br />2. Assessments shall be payable in equal annual installments extending over a <br />period of 15 years, the first of the installments to be payable on or before the first <br />Monday in January 2004, and shall bear interest at the rate of 7 percent per <br />annum from the date of the adoption of the assessment resolution. <br />3. The city clerk, with the assistance of the city engineer, shall forthwith calculate <br />the proper amount to be specially assessed for such improvement against every <br />assessable lot, piece or parcel of land within the district affected, without regard <br />to cash valuation, as provided by law, and she shall file a copy of such proposed <br />assessment in her office for public inspection. <br />4. The clerk shall upon the completion of such proposed assessment, notify the <br />council thereof. <br />Adopted by the Lino Lakes City Council this 22nd day of September, 2003. <br />Ann Blair, City Clerk <br />John J. Bergeson, Mayor <br />