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LAI#.LJO <br />WHEREAS, a contract has been let for the Keats MSA Street and Trunk Watermain Improvements <br />including street reconstruction and storm sewer improvements located along Keats Avenue between <br />Highway 36 and 47"' Street and trunk. watermain improvements along Keats Avenue between 59th Street <br />and 47"' Street and along 47"' Street from Keats Avenue to 45t" Street; and <br />WHEREAS, the total cost of the street improvements will be $1,244,120; and <br />WHEREAS, the total cost of the water improvements will be $826,014; and <br />WHEREAS, the City Clerk and City Engineer have prepared the proposed assessment roll and will <br />maintain said assessment roll on file in the City offices for public inspection. <br />The portion of the cost of such street improvement to be paid by the City is hereby declared to be <br />$1,169,320, and the portion of the cost to be assessed against benefited property owners is <br />declared to be '$$74,800. <br />The portion of the cost of such water improvement to be paid by the City is hereby declared to be <br />$762,214, and the portion of the cost to be assessed against benefited property owners is declared <br />to be $63,800. <br />3. The City Clerk, with the assistance of the City Engineer, has calculated the proper amount to be <br />specially assessed for such improvements against every assessable lot, piece or parcel of land to <br />be benefited by the improvements, and the Clerk has filed a copy of such proposed assessment in <br />the City offices for public inspection. <br />4. Assessments shall be payable in equal annual installments extending over a period of 10 years, <br />the first of the installments to be payable on or before the first Monday in January, 2014, and <br />shall bear interest at the rate of 4.5 percent per annum from the date of the adoption of the <br />assessment resolution. <br />A public hearing shall be held on the 6t" day of November, 2013, in the Council Chambers of the <br />City Hall at or approximately after 7:00 P.M. to pass upon such proposed assessment. All persons <br />owning property affected by such improvement will be given an opportunity to be heard with <br />reference to such assessment. <br />The City Clerk is hereby directed to cause a notice of the hearing on the proposed assessment to <br />be published once in the official newspaper at least two weeks prior to the hearing, and he shall <br />state in the notice the total cost of the improvement. He shall also cause mailed notice to be given <br />Resolution No. 2013-81 <br />