HomeMy WebLinkAbout2002-134 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 02-134
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT, LAKE DRIVE/APOLLO DRIVE IMPROVEMENTS
WHEREAS, Lake Drive/Apollo Drive Improvements, a contract for the construction of
improvements was awarded by the City of Lino Lakes and the cost of the construction is included
in the assessment total, and;
WHEREAS, additional costs outlined in the Development Agreement have been determined to be
$0.00 so that the total cost of the improvement to be assessed is $1,991,683.00.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES,
MINNESOTA:
1. The portion of the cost of construction of such improvement to be paid by the City is hereby
declared to be $0.00 and the portion of the cost to be assessed against benefited property
owners is declared to be $1,991,683.00.
2. Assessments shall be payable in equal annual installments extending over a period of ten
years, the first of the installments to be payable on or before the first Monday in January,
2003, 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 City Clerk shall upon the completion of such propose assessment , notify the council
thereof.
Adopted by the council this 23rd day of September, 20Q
Be
John .
eson, Mayor
Ann Blair /City Clerk