HomeMy WebLinkAbout1995-112 Council ResolutionCouncil Member Elliott introduced the following resolution and
moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 95 — 112
RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION
OF ASSESSMENT ROLL, PINE RIDGE, 3RD ADDITION
WHEREAS, Pine Ridge, 3rd Addition is a "contractor improvement"
and a contract for the construction of improvements was
not awarded by the City of Lino Lakes and the cost of the
construction contract is not included in the assessment
total, and
WHEREAS, additional costs outlined in the Development Agreement
have been determined to be $93,594.43 so that the total
cost of the improvement to be assessed is $93,594.43.
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 $93,594.43.
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, 1996, and shall bear interest at the rate of seven
and one-half (7 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 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 25th day of September, 1995.
Vernon F. Reinert, Mayor
7 �hG,t1 s2/'Li' &"L
Marilyn G. Anderson, Clerk -Treasurer
RESOLUTION NO. 95 - 112
PAGE -2-
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.