HomeMy WebLinkAbout1990-056 Council ResolutionCouncil Member Reinert introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 56-90
RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION
OF PROPOSED ASSESSMENT POR WEST CENTRAL TRUNK
WHEREAS: contracts have been awarded for improvement of West Central Trunk (sanitary
sewer and watennain) and the contract price for such improvements is
$1,706,638,00 and the expenses incurred or to be incurred in the making of such
improvement amount to $503,492.28 so that the total cost of the improvement will
be $2,210,130.20.
WHEREAS: it is the policy of the City of Lino Lakes to collect area charges, unit charges and
front footage charges in the assessment for said improvements, said area charges
amount to $404,791.71, said unit charges amount to $483,342.00, said front
footage charges amount to $447,612.16 so that the total amount of charges on the
present assessment roll will be $1,335,745.87.
WHEREAS: The balance of the cost of the improvement will be paid by future area charges and
future unit charges in the amount of $874,384.33.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LINO LAKES,
MINNESOTA:
1. The portion of the cost of such improvement as represented by the present assessment roll
to be paid by future connections is hereby declared to be $145,115.45 and the portion of
the cost to be assessed against benefited property owners with this assessment roll is
declared to be $1,190,630.42.
2. Assessments shall be payable in equal annual installments extending over a period of
fifteen (15) years, the first installments to be payable on or before the first Monday in
January, 1991, and shall bear interest at the rate of nine percent (9.0%) per annum from the
date of the adoption of the assessment resolution.
Page 1
RESOLUTION NO. 56-90
The City Clerk, with the assistar°.ce 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.
The Clerk shall upon the completion of such proposed assessment, notify the Council
thereof,
Adopted by the Council this 27th day of August, 1990,
Harold L. Bisel, Mayor
Marilyn 4 ' derson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
Bohj anen upon vote being taken thereon, the following voted in favor: Kuether, Bisel,
Keinert, Bohjanen.
the following voted against same: None, Council Member Neal was absent
Whereupon the resolution was declared duly passed and adopted.
Page 2