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• <br />CITY OF LINO LAKES <br />Resolution No. 57 - 88 <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING <br />PREPARATION OF PROPOSED ASSESSMENT FOR D. ERICKSON'S, 2ND <br />ADDITION, PHASE I <br />WHEREAS, costs have been determined for the improvement <br />of D. Erickson's, 2nd Addition, Phase I and the <br />expenses incurred in the making of such <br />improvement amount to so that the <br />total cost of the improvement will be <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO <br />LAKES, MINNESOTA: <br />1. The portion of the cost of such improvement to be paid <br />by the City is hereby declared to be zero and the port- <br />ion of the cost to be assessed against benefited prop- <br />erty owners is declared to be $ <br />2. Assessments shall be payable in equal annual install- <br />ments extending over a period of fifteen years, the <br />first installments to be payable on or before the <br />first Monday in January, 1989, and shall bear interest <br />at the rate of nine (9) per cent per annum from the <br />date of the adoption of the assessment resolution. <br />3. The City Clerk, with the assistance of the City Eng- <br />ineer shall forthwith calculate the proper amount to be <br />specially assessed for such improvement against every <br />assessable lot, piece or parcel of land within the dis- <br />trict affected, without regard to cash valuation, as <br />provided by law, and she shall file a copy of such pro- <br />posed assessment in her office for public inspection. <br />4. The Clerk shall upon the completion of such proposed <br />assessment, notify the Council thereof. <br />Adopted by the Council th_-:'_,._day of August, 1988. <br />44011111W <br />J <br />LIZALL <br />a"r i]ly Anderson, <br />Benja i G. Benson, Mayor <br />lerk- Treasurer <br />