CC RES 02-013 A RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT

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CITY OF ST. ANTHONY RESOLUTION 02-013 A RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT WHEREAS, costs have been determined for the improvement of(1) Wilson Street,between 30`' Avenue NE and 32'Avenue NE,(2) Harding Street, between 30`'Avenue NE and 315'Avenue NE, (3) 31'Avenue NE, between Wilson Street and Silver Lake Road, and (4) 32'Avenue NE, between Edward Street and Belden Drive, and the bid price for such improvement is$1,929814.52, and the total cost of the improvement will be approximately$2,400,000.00. NOW,THEREFORE, BE IT RESOLVED, by the City Council of St. Anthony, Minnesota: (1) The portion of the cost of such improvement to be paid by the City is hereby declared to be $1,700,000 and the portion of the cost to be assessed against benefited property owners is declared to be $310,000.00. (2) Assessments shall be payable in equal annual installments extending over a period of 15 years,the first of the installments to be payable on or before the first Monday in 2003, and shall bear interest at the rate of 2 per cent above the City's borrowing rate at the time the bonds are issued. • (3) The 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 the City Clerk shall file a copy of such proposed assessment in the office for public inspection. (4) The City Clerk shall upon the completion of such proposed assessment, notify the Council thereof. Adopted this ti day of �� .2002. Ma ATTEST: City Clerk Reviewed for Administration: City Manfiger •