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*11 M11 <br />OIL <br />WHEREAS, a contract has been let for the Old Village Phase I Street, Drainage and Utility <br />Iniprovements including street drainage and utility improvements of Upper 33rd Street ICI, 3 th Street N <br />from Laverne Ave N to west end, and Laverne Avenue Forth from CSAfI 14 to Upper33rd Street N and <br />preparedWHEREAS, the City Clerk and City Engineer have the proposed <br />maintain said assessment roll on file in the City offices for public inspection, <br />1. The portion of the cast of such street and landscaping improvements to be paid by the <br />City is hereby declared to be $984,411, and the portion of the cost to be assessed against <br />benefited property owners is declared to be $471,460. <br />. The portion of the cast of such sanitary sewer improvements ent to be paid by the City is <br />hereby declared to be $265,254, and the portion of the cost to be assessed against <br />benefited property owners is declared to be $561,000. <br />I 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 15 years for <br />streets and 20 years for sanitary sewer, the first of the installments to be payable on or <br />before the first Monday in January, 2017, and shall bear interest at the rate of 2.6 <br />percent per annum from the date of the adoption of the assessment resolution. <br />5. A public hearing shall be held on the 18th day of October, 2016, in the Council Chambers <br />of the City Hall at or approximately after 7:00 P.M. to pass upon such proposed assessment,, All <br />persons owning property affected by such improvement will be given an opportunity to be heard <br />with reference to such assessment, <br />6. 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 she shall <br />state in the notice the total cost of the improvement. She shall also cause mailed notice to b <br />Resolution No. 2016-81 <br />