HomeMy WebLinkAbout1992-110 Council ResolutionCouncil Member Elliott introduced the following
resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 92 — 110
RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT FOR RESHANAU LAKE TRUNK
SEWER IMPROVEMENT
WHEREAS: contracts have been awarded for the improvement of
the Reshanau Lake Trunk Sewer (sanitary sewer) and
the contract price for such improvement is
$736,941.23 and the expenses incurred or to be
incurred in the making of such improvement amount
to $383,733.29, so that said the total of such
improvement will be $1,120,674.52.
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
$189,593.35, said unit charges amount to
$199,290.00, and front footage charges amount to
$277,547.26 so that the total amount of charges on
the present assessment roll will be $666,430.61.
WHEREAS: The balance of the cost of the improvement will be
paid by future area charges and future unit charges
in the amount of $454,243.91.
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
assessed against benefited property owners with this
assessment roll is declared to be $666,430.61.
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
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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.
RESOLUTION NO. 92 - 110
Vernon F. Reinert, Mayor
4IL
r ynG. n erson, 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,
Kuether, Reinert, Elliott, Bergeson.
The following voted against same: None.
Whereupon the resolution was declared duly passed and
adopted.
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