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HomeMy WebLinkAbout1987-036 Council Resolution• • • CITY OF LINO LAKES Resolution No. 36 - 87 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR THE IMPROVEMENT OF 4TH AVENUE AND THE CLEANING OF COUNTY DITCH #22 WHEREAS, costs have been determined for the improvement of 4th Avenue from Lilac Street on the South to Main Street (County #14) on the North, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES, MINNESOTA: 1. The portion of the cost of such improvement to he paid by the City is hereby declared to be zero, the cost to be paid by Rice Creek Watershed District is $9,600, the cost to be paid by Anoka County is $10,000 and the portion of the cost to be assessed against the bene- fitted property owners is declared to be $_51 }7QQ:QQ_. 2. Assessments shall be payable in equal annual install- ments extending over a period of fifteen years, the first of the installments to be payable on or before the first Monday in January, 1988, and shall bear interest at the rate of nine (9) per cent per annum from the date of the adoption of the assessment resolution. 3. The City Clerk, with the assistance of the City Eng- ineer shall forthwith calculate the proper amount to be specially assessed for such improvement against every assessable lot, piece or parcel of land within the dis- trict affected, without regard to cash valuation, as provided by law, and she shall file a copy of such pro- posed assessment in his office for public inspection. 4. The Clerk shall upon the completion of such proposed assessment, notify the Council thereof. Adopted by the Council this 24th day of August, 1987. Benjamir;/G. Benson, Mayor Marlyn "G. Anderson, Clerk- Treasurer