Agenda Packets - 1998/08/24 - Laserfiche WebLink

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RESOLUTION NO. 5261 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT TO THOSE PROPERTY OWNERS AFFECTED BY THE RECONSTRUCTION OF OLD HIGHWAY 8 AND SETTING ASSESSMENT HEARING. WHEREAS, a contract has been let(costs have been determined) for the improvement of Old Highway 8 by Forest Lake Contracting and the contract(bid)price for such improvement is $1,228,258.15, and of the bid price the City's expenses incurred or to be incurred in the making of such improvement amount to $130,511.64. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MOUNDS VIEW: 1. The portion of the cost of such improvement to be paid by the city is hereby declared to be $98,797.92 and the portion of the cost to be assessed against benefited property owners is declared to $31,613.72, and; 2. Assessments shall be payable in equal annual installments extending over a period of 10 years,the first of the installments to be payable on or before the first Monday in January, 1997, and shall bear interest at the rate of seven(7)percent per annum from the date of the adoption of the assessment resolution, and; 3. The Clerk- Administrator, with the assistance of the city engineer(consulting 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 he shall file a copy of such proposed assessment in his office for public inspection. 4. The clerk shall upon the completion of such proposed assessment, notify the council thereof 5. The assessment hearing for the proposed assessment shall be held on Monday, September 28, 1998, 7:05pm, at the Mounds View City Hall in the council chambers to pass upon such proposed assessment and at such time and place all persons owning property affected by such improvement will be given an opportunity to be heard with reference to such assessment.