HomeMy WebLinkAbout1999-076 Council ResolutionCouncil Member Lyden introduced the following resolutions and moved its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 99-76
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT, LAKES ADDITION STREET RECONSTRUCTION
IMPROVEMENTS
WHEREAS, a contract has been let for the improvement of Lakes Addition Street Reconstruction
Improvements by constructing street, curb and gutter, and storm sewer, and the contract (bid)
price for such improvements is $1,842,492.50, and the expenses incurred or to be incurred in the
making of such improvement amount to $396,083.00, so that the total cost of the improvement
will be $2,238,575.50.
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
$1,681,340.50 and the portion of the cost be assessed against benefited property owners is
declared to be $557,235.
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,
2000, 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 she shall file a copy of such proposed assessment in her office for public inspection.
4. The City Clerk shall upon the completion of such proposed as•ess' ent , notify the council
thereof. 1
Adopted by the council this 13th day of Septemb
Ry; lf.AU kktttStif
hestad, City Clerk
The motion for adoption of the foregoing resolution was duly seconded by Council Member
Dah1 and upon vote being taken thereon, the following voted in favor thereof:
Sullivan, Bergeson, Dahl, Lyden, Neal
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
by the City Council on September 13, 1999.
ly passed, adopted and approved
'as AL
RY-CHEL D. UAi.-'1�
NOTARY PUBLIC - MINNESOT
My Commission Expires Jan. 31, 2000
Gaustad, City Clerk