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HomeMy WebLinkAbout2003-160 Council Resolution• • CITY OF LINO LAKES RESOLUTION NO. 03-160 DECLARING COST TO BE ASSESSED, AND ORDERING PREPARATION OF PROPOSED ASSESSMENT, TWILIGHT ACRESNINILIGHT ACRES 2ND ADDITION SANITARY SEWER IMPROVEMENT PROJECT WHEREAS, bids have been received for the installation of sanitary sewer to the Nancy DriveNicky Lane neighborhood; and the bid price, including change order, for such improvements is $290,482.40, and the expenses incurred or to be incurred in the making of such improvement amount to $94,492.60 so that the cost of the improvement will be $384,975.00. 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 $53,610.17, CDBG funding paid for $125,000.00 and the portion of the cost to be assessed against benefited property owners is declared to be $206,364.83. 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. 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 22'd day of September, 2003. Ann Blair, City Clerk John Berg on, M or • AGENDA ITEM 7Ki STAFF ORIGINATOR: James E. Studenski, City Engineer COUNCIL MEETING DATE: September 22, 2003 TOPIC: Resolution No. 03-160, Declaring Cost to be Assessed, Twilight Acres/Twilight Acres 2nd Addition Sanitary Sewer Improvements Project VOTE REQUIRED: 3/5 Vote Required BACKGROUND: A Public hearing for the Twilight Acres/Twilight Acres 2nd Addition Sanitary Sewer Improvements project was held on May 14, 2001. The city allowed 60 days to elapse following the Public Hearing prior to taking action on the improvements as required by the City Charter. On August 13, 2001, City Council authorized the preparation of plans and specifications. The bids were received on September 7, 2001 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 $206,364.83. Resolution No. 03-160 is attached. OPTIONS: 1. Adopt Resolution 03-160, Declaring Cost to be Assessed, Twilight Acres/Twilight Acres 2nd Addition Sanitary Sewer Improvement Project. 2. Not Adopt Resolution No. 03-160. 3. Return to staff for further review. RECOMMENDATION: Option No. 1 - Staff recommends that Resolution No. 03-160 be adopted.