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HomeMy WebLinkAbout2011-093 Council ResolutionCouncil Member Gallup • adoption: • introduced the following resolution and moved its COUNTY OF ANOKA CITY OF LINO LAKES RESOLUTION NO. 11 -93 RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING PREPARATION OF PROPOSED ASSESSMENT WHEREAS, a contract has been let for the improvement of the I -35E /CSAH 14 Interchange between 21st Avenue and Otter Lake Road Street by bridge replacement and widening, roadway replacement and widening, reconstruction of existing freeway ramps and construction of new ramps, installation of traffic control signals, improvement to local road connections and construction of pedestrian /bicycle facilities and the total cost of the improvement, with related expenses, will be $19,817,883. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, MINNESOTA: 1. The City's share of the total cost of the above - described improvement is hereby declared to be $4,307,861 and the portion of the cost to be assessed against benefited property owners is declared to be $4,207,861. 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, 2012 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 she shall file a copy of such proposed assessment in her office for public inspection. 4. The Clerk shall upon the completion of such proposed assessment, notify the Council thereof. Approved by the City Council of the City of Lino Lakes this 12th day of September, 2011. ATTEST: Bartell, C. Clerk The motion for the adoption of the foregoing resolution was duly seconded by Council Member Rafferty and upon vote being taken thereon, the following voted in favor thereof: Gallup, Rafferty, Roeser, O'Donnell, Reinert The following voted against same: none Whereupon said resolution was declared duly passed and adopted. • • • • STAFF ORIGINATOR: CITY COUNCIL MEETING DATE: TOPIC: ACTION REQUIRED: BACKGROUND AGENDA ITEM 6A (ii) Michael Grochala September 12, 2011 Consideration of Resolution No. 11 -93 Declaring Cost to be Assessed - I35E /CSAH 14 Interchange 3/5 Vote The City Council authorized preparation of a Feasibility Study for the I -35E /CSAH 14 Interchange Improvements on April 27, 2009. The study was completed by SRF Consulting Group, the City's consulting engineer, and presented to the City Council on July 6, 2009. Following the required mailed and published notice the City Council held a public hearing on July 27, 2009 in accordance with state law and charter requirements. In September of 2009 the City Council ordered the improvement and subsequently entered into a Joint Powers Agreement with Anoka County. Approximately $5.5 million was proposed to be assessed to benefiting property owners. The City's final share of costs based on construction, engineering, legal and financial expenses is $4,307,861. The amount proposed to be assessed is $4,207,861 following the reduction in local costs due to the contribution by the City of Hugo An assessment role allocating the cost to beniffiting properties will be completed based on this amount. The assessments are proposed to be payable over 15 years at an interest rate of 5 percent. The process will be as follows: 1. Council calls for Hearing on Proposed Assessment. (September 26, 2011) 2. Council holds Hearing on Proposed Assessments and Adopts Assessment Role (October 24, 2011) 3. Assessments certified to Anoka County for taxes payable 2012. (November 30, 2012). RECOMMENDATION Staff is recommending approval of Resolution No. 11 -93. ATTACHMENTS 1. Resolution No. 11 -93