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HomeMy WebLinkAbout1994-052 Council ResolutionCouncil Member Elliott introduced the following resolution and moved its adoption: CITY OF LINO LAKES RESOLUTION NO. 94 - 52 RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF ASSESSMENT ROLL, FOX TRACE WHEREAS, Fox Trace is a "contractor improvement" and a contract for the construction of the improvements was not awarded by the City of Lino Lakes and is not included in the assessment total, and WHEREAS, additional costs outlined in the Development Agreement have been determined to be $268,860.78 so that the total cost of the improvement to be assessed is $268,860.78. 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 zero and the portion of the cost to be assessed against benefitted property owners is declared to be $268,860.78. 2. Assessments shall be payable in equal annual installments extending over a period of fifteen years, the first installment to be payable on or before the first Monday in January, 1995, and shall bear interest at the rate of eight and one-half (8 1/2) 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 City Clerk shall upon the completion of such proposed assessment, notify the City Council thereof. Adopted by the City Council this 22nd day of August, 1994. Vernon F. Reinert, Mayor RESOLUTION NO. 94 - 52 Page -2- ATTEST: 7 Com. 1J1 Marilyn . Anderson, Clerk -Treasurer The motion for adoption of the foregoing resolution was duly seconded by Council Member Bergeson and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Elliott, Kuether, Neal, Reinert. The following voted against same: none. Whereupon said resolution was declared duly passed and adopted.