1991-085 Council Resolution - Laserfiche WebLink

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Council Member Bohjanen moved its adoption: introduced the following resolution and CITY OF LINO LAKES RESOLUTION NO. 85 — 91 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR WHITE TAIL RIDGE IMPROVEMENTS WHEREAS: WHEREAS: contracts have been awarded for the improvement of White Tail Ridge and the contract prices are $39,671.57, and it is the policy of the City of Lino Lakes to assess Administrative, Engineering, Aerial Photo cost Recovery, Appraisal, Publication, Legal, Bond Sale Expenses, Capitalized Interest and Seal Coating charges so that the total cost of the improvement is $55,754.40. 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 $-0- and the portion of the cost be assessed against benefitted property owners is declared to be $55,754.40. 2. Assessments shall be payable in equal annual installments extending over a period of fifteen (15) years, the first installments to be payable on or before the first Monday in January, 1992, and shall bear interest at the rate of nine percent (9.0%) per annum from the date of the adoption of the assessment resolutions. 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 proposed assessment, notify the Council thereof. Adopted by the City Council this 23rd day of August, 1991.