2000-050 Council Resolution - Laserfiche WebLink

Home Search

Council Member{ l LS - introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 00-50 RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING PREPARATION OF PROPOSED ASSESSMENT, TWILIGHT ACRES 1ST AND 2ND ADDITIONS WHEREAS, bids have been received for the improvement of Twilight Acres and Twilight Acres 2nd Addiiton by constructing watermain, sanitary sewer, street, and storm sewer and the bid price for such improvement is $357,496.45, and the expenses incurred or to be incurred in the making of such improvement amount to $237,842.48, so that the total cost of the improvement will be $595,338.93. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, MINNESOTA: 1. The portion of the cost of such improvement to be paid by the city is hereby declared to be $781.00 and the portion of the cost be assessed against benefited property owners is declared to be $594,557.93. 2. Assessments shall be payable in equal annual installments extending over a period of fifteen years, the first of the installments to be payable on or before the first Monday in January, 2001, 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 assessed for such improvement against every assessable lot, piece or parcel of land within the district affected, without regard to cash valuation, as provided by law, and she shall file a copy of such proposed assessment in her office for public inspection. 4. The City Clerk shall upon the completion of such propose assessment, notify the council thereof. Adopted by the council this 8th day of May, 2000. gACJ6L1_ ,U-sataa- Ry-Chef Gaustad, City Clerk Johr,�J. Berg on, Mayor tjThe motion for adoption of the foregoing resolution was duly seconded by Council Member �t4-C.. and upon vote being taken thereon, the following voted in favor thereof: VEL, The following voted against same: Whereupon said solution was declared passed and adopted. CERTIFICATION I hereby certify that the above is a correct copy of a resolution duly passed, adopted and approved by the City Council on May 8, 2000. t .,,,t,„G Ry-(hel Gaustad, City Clerk