HomeMy WebLinkAbout1996-105 Council ResolutionCouncil Member Kuether introduced the following resolution and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 96 - 105
RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING
PREPARATION OF ASSESSMENT ROLL, MARSHAN LAKE
CONDOMINIUMS
WHEREAS, a contract has been let for the Marshan Lake Condominium street, and
utility improvements and the contract price for such improvement is
$540,153.40, and the expenses incurred or to be incurred in the making of
such improvement amount to $590,187.85 so that the total cost of the
improvement will be $1,130,341.25.
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 38,289.00 and the portion of the cost to be assessed against
benefited property owners is declared to be $1,092,052.25.
2. Assessment 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, 1997, and shall bear interest at the rate of seven percent (7%) 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 the proposed assessment, notify the
City Council thereof.
Adopted by the City Council this 9th day of Septe ► . er, 1996.
L. Landers, Mayor
RESOLUTION NO. 96 - 105
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Marilyn G. Anderson, Clerk -Treasurer
The motion for adoption of the foregoing resolution was duly seconded by Council
Member Lyden and upon vote being taken thereon, the following voted in favor thereof:
Bergeson, Kuether, Lyden, Neal, Landers.
The following voted against same: none.
Whereupon said resolution was declared duly passed and adopted.