1993-068 Council Resolution - Laserfiche WebLink

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Council Member Elliott introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 68 - 93 RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF ASSESSMENT ROLL, SHORES OF MARSHAN LAKE WHEREAS, Shores of Marshan Lake, is a "contractor improvement" and a contract for the construction of the improvements was not awarded by the City of Lino Lakes and is not included in the assessment total, and WHEREAS, additional costs outlined in the Development Agreement been determined to be $202,539.66 so that the total cost of the improvement to be assessed is $202,539.66. 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 zero and the portion of the cost to be assessed against benefitted property owners is declared to be $202,539.66. 2. Assessments shall be payable in equal annual installments extending over a period of fifteen years, the first installments to be payable on or before the first Monday in January, 1994, and shall bear interest at the rate of eight and one-half (8 1/2) per cent 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 proposed assessment, notify the City Council thereof. Adopted by the City Council this 13th day of September, 1993.