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HomeMy WebLinkAbout1995-115 Council ResolutionCouncil Member Bergeson moved its adoption: introduced the following resolution and CITY OF LINO LAKES RESOLUTION NO. 95 - 115 RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF ASSESSMENT ROLL, OAKS OF LINO WHEREAS, Oaks of Lino 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, costs outlined in the Development Agreement have been determined to be $47,989.00 so that the total cost of the improvement to be assessed is $47,989.00. 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 zero and the portion of the cost to be assessed against benefitted property owners is declared to be $47,989.00. 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 Marily G. Anderson, Clerk -Treasurer RESOLUTION NO. 95 - 115 `-- PAGE -2- The motion for adoption of the foregoing resolution was duly seconded by Council Member Elliott and upon vote being taken thereon, the following voted in favor thereof: Bergeson, Elliott, Kuether, Neal, Reinert. The following voted against same: Whereupon said resolution was declared duly passed and adopted.