HomeMy WebLinkAbout1988-058 Council Resolution•
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CITY OF LINO LAKES
Resolution No. 58 - 88
RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT FOR RESHANAU LAKE ESTATES
SOUTH, 1st ADDITION
WHEREAS, costs have been determined for the improvement
of Reshanau Lake Estates South, 1st Addition and
. the expenses incurred in the making of such
improvement amount to $570,916.00 so that the
total cost of the improvement will be $570,916.00 •
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 port-
ion of the cost to be assessed against benefited prop-
erty owners is declared to be $
2. Assessments shall be payable in equal annual install-
ments extending over a period of fifteen years, the
first installments to be payable on or before the
first Monday in January, 1989, 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 her office for public inspection.
4. The Clerk shall upon the completion of such proposed
assessment, notify the Council thereof.
Adopted by the Council this 8th day of August
Marilyn G. Anderson, Clerk- Treasurer
njami
4000,0„._
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Benson, 'ayor