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Council Member 0' Donnell introduced the following resolutions and moved its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 00-87 <br />RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING PREPARATION OF <br />PROPOSED ASSESSMENT, CLEARWATER CREEK 4T" ADDITION <br />WHEREAS, Clearwater Creek 4th Addition, is a "developer installed improvement" and a contract <br />for the construction of improvements was not awarded by the City of Lino Lakes and the cost of <br />the construction is not included in the assessment total, and; <br />WHEREAS, additional costs outlined in the Development Agreement have been determined to be <br />$293,007.00 so that the total cost of the improvement to be assessed is $293,007.00. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, <br />MINNESOTA: <br />1. The portion of the cost of construction of such improvement to be paid by the City is hereby <br />declared to be $0.00 and the portion of the cost to be assessed against benefited property <br />owners is declared to be $293,007.00. <br />2. Assessments shall be payable in equal annual installments extending over a period of fifteen <br />years, the first of the installments to be payable on or before the first Monday in January, <br />2001, and shall bear interest at the rate of 7 percent per annum from the date of the adoption <br />of the assessment resolution. <br />3. The City Clerk, with the assistance of the City Engineer, shall forthwith calculate the proper <br />amount to be specially assessed for such improvement against every assessable lot, piece or <br />parcel of land within the district affected, without regard to cash valuation, as provided by law, <br />and she shall file a copy of such proposed assessment in her office for public inspection. <br />4. The City Clerk shall upon the completion of such propose assessment , notify the council <br />thereof. <br />Adopted by the council this 9th day of October, 2000. <br />eson, Mayor <br />Ry -Chet Gaustad, CMC City Clerk <br />The motion for adoption of the foregoing resolution was duly seconded by Council Member <br />Dahl and upon vote being taken thereon, the following voted in favor thereof: <br />Bergeson, Carlson, Dahl, O'Donnell, Reinert <br />The following voted against same: none <br />Whereupon said solution was declared passed and adopted. <br />CERTIFICATION <br />hereby certify that the above is a correct copy of a resolution duly passed, adopted and approved <br />by the City Council on October 9, 2000. "r0/408Ctitatact <br />Ry-Chel Gaustad, CMC City Clerk <br />