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09/13/1993 Council Minutes
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09/13/1993 Council Minutes
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City Council
Council Document Type
Council Minutes
Meeting Date
09/13/1993
Council Meeting Type
Regular
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1 <br />1 <br />1 <br />Council Member Elliott introduced the following resolution and <br />moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 58 — 93 <br />RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION <br />OF ASSESSMENT ROLL, BIRCHWOOD ACRES, SECOND AND THIRD ADDITIONS <br />WHEREAS, Birchwood Acres Second Addition and Third Addition is a <br />"contractor improvement" and a contract for the <br />construction of the improvements was not awarded by the <br />City of Lino Lakes and is not included in the assessment <br />total, and <br />WHEREAS, additional costs outlined in the Development <br />Agreement have been determined to be $351,417.00 so that <br />the total cost of the improvement to be assessed is <br />$351,417.00. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, <br />MINNESOTA: <br />1. The portion of the cost of such improvement to be paid by the <br />City is hereby declared to be zero and the portion of the cost <br />to be assessed against benefitted property owners is declared <br />to be $351,417.00. <br />2. Assessments shall be payable in equal annual installments <br />extending over a period of fifteen years, the first <br />installments to be payable on or before the first Monday in <br />January, 1994, and shall bear interest at the rate of eight <br />and one-half (8 1/2) per cent per annum from the date of the <br />adoption of the assessment resolution. <br />3. The City Clerk, with the assistance of the City Engineer shall <br />forthwith calculate the proper amount to be specially assessed <br />for such improvement against every assessable lot, piece or <br />parcel of land within the district affected, without regard to <br />cash valuation, as provided by law, and she shall file a copy <br />of such proposed assessment in her office for public <br />inspection. <br />4. The City Clerk shall upon the completion of such proposed <br />assessment, notify the City Council thereof. <br />Adopted by the City Council this 13th day of September, 1993. <br />lel <br />
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