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<br />. <br /> <br />. <br /> <br />. <br /> <br />5D <br /> <br />RESOLlJTION NO. 5261 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />DECLARING COSTS TO BE ASSESSED AN]) ORDERING PREPARATION OF <br />PROPOSED ASSESSMENT TO THOSE PROPERTY OWNERS AFFECTED BY THE <br />RECONSTRlJCTION OF OLD HIGHWAY 8 <br />AND SETTING ASSESSMENT HEARING. <br /> <br />WHEREAS, a contract has been let (costs have been determined) for the improvement of <br />Old Highway 8 by Forest Lake Contracting and the contract (bid) price for such improvement is <br />$ 1,228,258.15, and of the bid price the City's expenses incurred or to be incurred in the making <br />of such improvement amount to $130.511.64. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF MOUNDS VI EW: <br /> <br />1. The portion of the cost of such improvemcnt to be paid by the city is hereby <br />dcclarcd to be $98.797.92 and the portion of the cost to be assessed against benefited property <br />owncrs is declared to $31,613.72. and; <br /> <br />J Assessments shall be payable in equal annual installments extending over a period <br />of 10 years, the tirst of the installments to be payable on or before the first Monday in January. <br />1999. and shall bcar interest at the ratc 0 f seven (7) percent per annum from the date of the <br />adoption of the assessment resolution. and: <br /> <br />3. The Clcrk - Administrator. with the assistance of the city engineer (consulting <br />engineer), shall forthwith calculatc the proper amount to be spccially assessed for such <br />improvement against every assessable lot. piece or parcel of land within the district affected. <br />without regard to cash valuation, as provided by law, and he shall tile a copy of such proposed <br />assessment in his oftice for public inspection. <br /> <br />4. The clerk shall upon the completion of such proposed assessment, notify the <br />council thereof. <br /> <br />5. The assessment hearing for the proposed assessment shall be hcld on Monday, <br />Septembcr 28. 1998. 7:05pm. at the Mounds View City Hall in the council chambers to pass <br />upon sllch proposcd assessment and at such time and place all persons owning property affected <br />by such improvement will bc given an opportunity to be heard with reference to such assessment. <br />