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HomeMy WebLinkAbout1997-101 Council ResolutionCouncil Member Bergeson adoption: introduced the following resolutions and moved its CITY OF LINO LAKE RESOLUTION NO. 97-101 Resolution Declaring Cost to be Assessed, and Ordering Preparation of Proposed Assessment, Clearwater Creek, Phase 2 WHEREAS, Clearwater Creek, Phase 2, is a "contractor improvement" and a contractor for the construction of improvements was not awarded by the City of Lino Lakes and the cots of the construction is not included in the assessment total, and; WHEREAS, additional costs outlined in the Development Agreement have been determined to be $320,687.00 so that the total cost of the improvement to be assessed is $320,687.00. 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 $0.00 and the portion of the cost be assessed against benefited property owners is declared to be $320,687.00. 2. Assessments shall be payable in equal annual installments extending over a period of fifteen years, the first of the installments to be payable on or before the first Monday in January, 1998, and shall bear interest at the rate of 7 percent 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 he shall file a copy of such proposed assessment in his office for public inspection. 4. The clerk shall upon the completion of such propose assessment , notify the council thereof. Adopted by the council this 25th day of August, 19 7. q2q .�.�v Marilyn Anderson, Clerk/Treasurer Landers, Mayor 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 solution was declared passed and adopted. CERTIFICATION I hereby certify that the above is a correct copy of a resolution duly passed, adopted and approved by the City Council on August 25, 1997. %Z 1 (:ceL_A,v-y,-, Marilyn Anderson, Clerk -Treasurer