HomeMy WebLinkAbout1992-101 Council ResolutionCouncil Member Elliott introduced the following
resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 - 101
RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT FOR PHEASANT HILLS
PRESERVE AND PHEASANT HILLS PRESERVE, SECOND ADDITION
WHEREAS: contracts have been awarded for improvement of
Pheasant Hills Preserve and Pheasant Hills
Preserve, Second Addition (sanitary sewer,
watermain, streets, street lighting and drainage)
and the contract price for such improvement is
$495,962.66 and the expenses incurred or to be
incurred in the making of such improvement amount
to $43,396.08, and
WHEREAS: it is the policy of the City of Lino Lakes to add
area charges and unit charges and trunk charges to
the assessment for said improvements so that the
total cost of the improvement will be $798,124.22.
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 $798,124.22.
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.
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RESOLUTION NO. 92 - 101
Adopted by the Council this 14th day of September, 1992.
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Vernon F. Reinert, Mayor
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Marihyn ,x�%% _
Anderson, Clerl-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, Kuether,
Reinert, Elliott, Bergeson.
The following voted against same: None.
Whereupon the resolution was declared duly passed and
adopted.
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