HomeMy WebLinkAbout1989-019 Council ResolutionCITY OF LINO LAKES
RESOLUTION NO. 19-89
RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED
ASSESSMENT FOR PHASE 2 OF ER I CKSONS SECOND ADDITION.
WHEREAS, costs have been determined for the improvement of Ericksons Second
Addition Phase 2, and the construction costs and expenses incurred in the
making of said improvement total $419,508
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 $-0- and the portion of the cost to be assessed
against benef ited property owners is declared to be $419,508.
2. Assessments shal I be payable in equal annual instal Iments extending
over a period of 15 years, the first of the installments to be payable
on or before the f first Monday in January, 1990, and shall bear
interest at the rate of 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 engineer (consulting
engineer) shal I forthwith calculate the proper amount to be special ly
assessed for such improvement against every assessable lot, piece or
parcel of Iand within the district affected, without regard to cash
valuation, as provided by law, and he shall file a copy of such
proposed assessment in his office for publ is inspection.
4. The clerk shat I upon the completion of such proposed assessment,
notify the council thereof.
Adopted by the Council this 10th day of April, 19
)
Mari I yn-. Anderson, CI erk-Treasurer
enjami
son, Mayor