HomeMy WebLinkAbout2003-087 Council Resolution•
CITY OF LINO LAKES
RESOLUTION NO. 03-87
DECLARING COST TO BE ASSESSED, AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT
ELM STREET RECONSTRUCTION PROJECT
WHEREAS, bids have been received for the improvement of Elm Street between Grey
Heron Drive and Sunset Avenue by sanitary sewer, water main, street reconstruction, and
drainage; and the bid price for such improvements is $1,513,221.79, and the expenses
incurred or to be incurred in the making of such improvement amount to $976,778.21 so
that the cost of the improvement will be $2,490,000.00.
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 $2,015,384.46 and the portion of the cost to be assessed against
benefited property owners is declared to be $474,615.54.
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 2004, and shall bear interest at the rate of 7 percent per annum
from the date of the adoption of the assessment resolution.
3. The city clerk, with the assistance of the city 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 district 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.
Adopted by the Lino Lakes City Council this . 3rd day of June, 2003.
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John J,": ergeso r/ ayor
AGENDA ITEM 7Di
STAFF ORIGINATOR: James E. Studenski, City Engineer
COUNCIL MEETING DATE: June 23, 2003
TOPIC: Resolution No. 03 -87, Declaring Cost to be Assessed, EIm Street
Reconstruction Project
VOTE REQUIRED: 3/5 Vote Required
BACKGROUND:
A Public hearing was for the EIm Street project was held on October 28, 2002.
The city allowed 60 days to elapse following the Public Hearing prior to taking
action on the improvements as required by the City Charter. The City received
very little opposition to the project and on January 13, 2003, authorized the plans
and specifications. The bids were received on June 3rd and are within the project
budget.
The next step in the process is to declare the costs to be assessed. The total
amount to be assessed is $474,615.54. Resolution No. 03 -87 is attached.
OPTIONS:
1. Adopt Resolution 03 -87, Declaring Cost to be Assessed, EIm Street
Reconstruction Project.
2. Not Adopt Resolution No. 03 -87.
3. Return to staff for further review.
RECOMMENDATION:
Option No. 1 - Staff recommends that Resolution No. 03 -87 be adopted.