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. . . RESOLUTION NO. 5028 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 BRONSON DRIVE AND SETTING ASSESSMENT HEARING. WHEREAS, a contract has bcen let (costs have been determined) for the improvement of Bronson Drive between Edgewood Drivc and Raymond Avenue by Forest Lake Contracting and the contract (bid) price for such improvement is $578,529.68, and the expenses incurred or to bc incurred in the making of such improvemcnt amount to $] 49,703.97 so that the total cost of thc improvemcnt will be $728,233.65, and; NOW, THEREFORE, BE IT RESOL VED BY Tl-IE CITY COUNCIL OF THE CITY OF MOUNDS VIEW: 1. The portion of the cost of such improvemcnt to be paid by the city is hereby declared to be $399,616.14 and the portion of the cost to be assessed against benefited propcrty owncrs is declared to $328,618.00, and: 2. Asscssments shall bc payable in cqual annual installments cxtending over a period of 10 ycars, thc first of the installments to be payablc on or bcfore the first Monday in Janum'y, 1997, and shall bear interest at the rate of seven (7) perccnt pcr annum from the date ofthe adoption of the assessment resolution, and; 3. Thc Clerk - Administrator, with thc assistance of the city cngineer (consulting engincer), shall forthwith calculate the proper amount to be specially assessed for sllch 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. Thc clerk shall upon the completion of such proposed assessmcnt, notify thc council thereof. 5. The assessment hearing for the proposed assessment shall be held on Tuesday, Novcmber 12,1996, 7:10pm, at the Mounds View City Hall in the council chambers to pass upon such proposcd assessment and at such time and placc all persons owning property affected by such improvement will be given an opportunity to be heard with rcference to such assessmcnt.