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1 <br />COUNCIL MEETING <br />M ri yn . Anderson Clerk-Treasurer <br />AUGUST 8, 1988 <br />ENGINEER'S REPORT - RON STAHLBERG <br />Resolution No. 57 - 88 Declaring Cost to be Assessed and <br />Ordering Preparation of Proposed Assessment - D. Erickson's <br />2nd Addition, Phase I - Mr. Bisel moved to approve this <br />resolution. Mr. Bohjanen seconded the motion. Motion <br />passed unanimously. <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 to the making of such improve- <br />ment amount to $471,189.00 so that the total <br />cost of the improvement will be $471,189.00. <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 $ and <br />the portion of the cost to be assessed against bene- <br />fitted property owners is declared to be $ <br />2. Assessments shall be payable in equal annual install- <br />ments extending over a period of fifteen years, and <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 <br />be specially assessed for such improvement against <br />every assessable lot, piece or parcel of land within <br />the district affected, without regard to cash valua- <br />tion, as provided by law, and shall file a copy of such <br />proposed assessment in her office for public inspec- <br />tion. <br />PAGE 8 <br />