HomeMy WebLinkAbout1997-104 Council ResolutionCouncil Member Kuether introduced the following resolutions and moved its
adoption:
CITY OF LINO LAKE
RESOLUTION NO. 97-104
Resolution Declaring Cost to be Assessed, and Ordering Preparation of Proposed
Assessment, 35W/TH 49 Interchange Commercial Development Area Trunk
Utilities
WHEREAS, a contract has been let for the improvement of 35W/TH 49 Interchange
Commercial Development Area Trunk Utilities by constructing street, curb and gutter,
storm sewer, watermain, and sanitary sewer and the contract (bid) price for such
improvement is $298,429.34, and the expenses incurred or to be incurred in the making
of such improvement amount to $90,895.47, so that the total cost of the improvement will
be $389,324.81.
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 $119,988.70 and the portion of the cost be assessed against benefited property
owners is declared to be $734,376.11.
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
Marilyn Anderson, Clerk/Treasurer
Landers, Mayor
The motion for adoption of the foregoing resolution was duly seconded by Council
Member Neal and upon vote being taken thereon, the following voted in
favorthereof: 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.
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Marilyn Anderson, Clerk -Treasurer
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