HomeMy WebLinkAbout2018-105 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 18-105
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT
2018 WEST SHADOW LAKE DRIVE AREA STREET RECONSTRUCTION
WHEREAS, the City of Lino Lakes received bids for the 2018 West Shadow Lake Drive Area
Street Reconstruction Project on August 21, 2018 and the total project will be $1,753,756.00; and
WHEREAS, Minnesota Statute 429.061 provides that the City Council shall determine by
resolution the amount of the total expense a municipality will pay other than amount, if any,
which it will pay as a property owner and the amount to be specially assessed.
NOW, THEREFORE BE IT RESOLVED by The City Council of The City of Lino Lakes:
1. The City's share of the total cost of the above -described improvement is hereby declared to be
$810,413.00 and the portion of the cost to be assessed against benefited property owners is declared
to be $943,343.00.
2. Assessments shall be payable in equal annual installments extending over a period of 15 years,
the first of the installments to be payable on or before the first Monday in January, 2020 and shall
bear interest at the rate of 5 percent per annum from the date of the adoption of the assessment
resolution.
3. The City Clerk, with the assistance of the City's 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 assessment area affected, without regard to cash valuation, as provided by law,
and file a copy of such proposed assessment in the Clerk's office for public inspection.
4. The Clerk shall upon the completion of such proposed assessment, notify the Council thereof.
Adopted by the Council of the City of Lino Lakes this 27th day of August, 2018.
The motion for the adoption of the foregoing resolution was introduced by Council Member
Manthey and was duly seconded by Council Member Stoesz and upon
vote being taken thereon, the following voted in favor thereof
Manthey, SToesz, Rafferty, Maher, Re'
The following voted against same:
none
Jeff Reine NYa or
ATTEST:
\J'ul ne Bartell, City erk