HomeMy WebLinkAboutResolution 8463 RESOLUTION NO. 8463
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT
WHEREAS, a contract has been awarded for Improvement No. 2014-001,
Mustang Drive and Mustang Circle Pavement Rehabilitation and Drainage
Improvements, which includes Mustang Drive between Old Highway 8 and Mustang
Circle and Mustang Circle between Mustang Drive and the northern cul-de-sac, and;
WHEREAS, the total project cost for such improvement is $443,166.80.
NOW, THEREFORE, BE IT RESOLVED by City Council of the City of Mounds
View, Ramsey County, Minnesota that the City of Mounds View that:
1. The portion of the cost of such improvement to be paid by the city is hereby
declared to be $387,910.80 and the portion of the cost to be assessed against
benefited property owners is declared to be $45,256.00.
2. Assessments shall be payable in equal semi-annual installments extending over
a period of 10 years, the first of the installments to be payable with the first half of
property taxes (May 15, 2016) and shall bear interest at the rate of 5.5% per
annum from the date of adoption of the assessment resolution.
3. The city administrator 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 city administrator shall upon the completion of such proposed assessment,
notify the council thereof.
Adopted this 12th day of October, 2015
Joe Flaherty, Mayor
ATTEST:
James Ericson, City Administrator
(SEAL)