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HomeMy WebLinkAbout1988-068 Council ResolutionCITY OF LINO LAKES Resolution No. 68 - 88 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR MATHEW R. GLOCKE, 461 BIRCH STREET, LINO LAKES, MINNESOTA WHEREAS, costs have been determined for the improvement of 461 Birch Street and the expenses incurred in the making of such improvement amount to $ so that the total cost of the improvement will be 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 th day of September, 1988. -- Benjamin G. Benson, ayor Mar lyn G. Anderson, Clerk- Treasurer