HomeMy WebLinkAboutResolution 2001-071CITY OF LAKE ELMO
WASHINGTON COUNTY, MINNESOTA
RESOLUTION NO. 2001 -071
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT FOR 50"' STREET
WHEREAS, a contract has been let for the improvement of 50 'h Street between
Stillwater Boulevard and Lake Elmo Avenue and the contract price for such improvement
is $710,354.50 and the expenses .incurred or to be incurred in the making of such
improvement amount to $266,345.50 so that the total cost of the improvement will be
$976,700.00.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF LAKE
ELMO, MINNESOTA:
1. The portion of the cost of such improvement to be paid by the City is hereby
declared to be $944,560.00 and the portion of the cost to be assessed against
benefited property owners is declared to be $32,140.00.
2. Assessments shall be payable in equal annual installments extending over a
period of five years, the first of the installments to be payable on or before the
first Monday in January, 2002, and shall bear the interest at the rate of 7.0
percent per annum from the date of the adoption of the assessment resolution.
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 Clerk shall upon the completion of such proposed assessment, notify the
Council thereof.
ADOPTED, by the Lake Elmo City Council on the 11th day of September, 2001.
Lee Hunt
Mayor
ATTEST:
Mar I ffner
City Admii trator