HomeMy WebLinkAbout1998-132 Council ResolutionCouncil Member Bergeson introduced the following resolution
and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 98-132
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT, PHEASANT HILLS PRESERVE 8TH
ADDITION
WHEREAS, Pheasant Hills Preserve 8th Addition, is a "contractor improvement" and a
contractor for the construction of improvements was not awarded by the City of
Lino Lakes and the cost of the construction is not included in the assessment total,
and;
WHEREAS, additional costs outlined in the Development Agreement have been determined to
be $95,338.33 so that the total cost of the improvement to be assessed is
$95,338.33.
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 to be assessed against benefitting property owners is
declared to be $95,338.33.
2. Assessment 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, 1999, 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
property 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 assessments in his office for
public inspection.
4. The Clerk shall, upon the completion of such proposed assessment, notify the Council
thereof.
RESOLUTION NO. 98 - 132
Page -2-
Adopted by the Council this 10th day of Augu
0 E�,w .(Lazz,t,
Marlyn G. Anderson, Clerk -Treasurer
Kim erl i .W ullivan, Mayor
The motion for adoption of the foregoing resolution was duly seconded by Council Member
Dahl and upon vote being taken thereon, the
following voted in favor thereof: Bergeson, Dahl, Lyden, Sullivan.
The following voted against same: none, Council Member Neal was absent.
Whereupon said resolution was declared duly 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 10, 1998.
,
,�, j.
Marilyn G. Anderson, Clerk -Treasurer