HomeMy WebLinkAbout1991-085 Council ResolutionCouncil Member Bohjanen
moved its adoption:
introduced the following resolution and
CITY OF LINO LAKES
RESOLUTION NO. 85 — 91
RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION
OF PROPOSED ASSESSMENT FOR WHITE TAIL RIDGE IMPROVEMENTS
WHEREAS:
WHEREAS:
contracts have been awarded for the improvement of White
Tail Ridge and the contract prices are $39,671.57, and
it is the policy of the City of Lino Lakes to assess
Administrative, Engineering, Aerial Photo cost Recovery,
Appraisal, Publication, Legal, Bond Sale Expenses,
Capitalized Interest and Seal Coating charges so that the
total cost of the improvement is $55,754.40.
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
be assessed against benefitted property owners is declared to
be $55,754.40.
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, 1992, and shall bear interest at the rate of nine
percent (9.0%) per annum from the date of the adoption of the
assessment resolutions.
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 proposed
assessment, notify the Council thereof.
Adopted by the City Council this 23rd day of August, 1991.
RESOLUTION NO. 85 - 91
PAGE -2-
ariTyn G. Anderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was duly
seconded by Council Member Neal and upon vote being taken
thereon, the following voted in favor: Neal, Bisel, Reinert, Bohjanen.
The following voted against same: none, Council Member Kuether was not in
the Council Chambers at this time.
Whereupon the resolution was declared duly passed and adopted.