HomeMy WebLinkAbout1992-099 Council ResolutionCouncil Member Elliott introduced the following
resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 — 99
RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT FOR PINERIDGE
WHEREAS: contracts have been awarded for improvement of
PineRidge (sanitary sewer, watermain, streets,
street lighting and drainage) and the contract
price for such improvement is $462,338.65 and the
expenses incurred or to be incurred in the making
of such improvement amount to $148,420.19, and
WHEREAS: it is the policy of the City of Lino Lakes to add
area charges and unit charges and trunk charges and
lateral benefit from the trunk sewer to the
assessment for said improvements so that the total
cost of the improvement will be $912,155.00.
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 $-0-. The portion
of the cost to be assessed against benefited property
owners is declared to be $912,155.00.
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, 1993, and shall bear
interest at the rate of nine (9.0%) 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
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 Council this 14th day of September, 1992.
PAGE 1
RESOLUTION NO. 92 - 99
Vernon F. Reinert, Mayor
Ma ly�i G. Anderson, Clerk -Treasurer
The motion for the adoption of the foregoing resolution was
duly seconded by Council Member Bergeson and upon vote
being taken thereon, the following voted in favor: Neal, Kuether,
Reinert, Elliott, Bergeson.
The following voted against same: None.
Whereupon the resolution was declared duly passed and
adopted.
PAGE 2