CC RES 11-023 RESOLUTION ADOPTING AND CONFIRMING ASSESSMENTS FOR 2011 STREET AND UTILITY IMRPOVEMENTS

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CITY OF ST. ANTHONY RESOLUTION 11-023 A RESOLUTION ADOPTING AND CONFIRMING ASSESSMENTS FOR 2011 STREET AND UTILITY IMPROVEMENTS 1. The amount proper and necessary to be specially assessed at this time for various public improvements is 35% assessable as follows: First Year Years First Year Levy Collectible Assessed 15 2011 2012 $388,756.11 For improvements to the following: 1. Street and Utility Reconstruction ■ Belden Drive from 37`h Avenue NE to 36`h Avenue NE ■ Coolidge Street NE from 37`h Avenue NE to 36`h Avenue NE ■ Harding Street NE from 37th Avenue NE to 36`h Avenue NE ■ Edward Street NE from 37`h Avenue NE to 36`h Avenue NE against every assessable lot, piece, or parcel of land affected thereby has been duly calculated upon the basis of benefits, without regard to cash valuation, in accordance with the provisions of Minnesota Statutes, Chapter 429, and notice has been duly published, as required by law that this Council would meet to hear, consider and pass upon all objections, if any, and said proposed assessment has at all time since its filing been open for public inspection and an opportunity has been given to all interested persons to present their objections if any, to such proposed assessments. 2. This Council, having heard and considered all objections so presented, finds that each of the lots, pieces and parcels of land enumerated in the proposed assessment was and is specially benefited by the construction of said improvement in not less than the amount of the assessment set opposite the description of each such lot, piece and parcel of land respectively, and such amount so set out is hereby levied against each of the respective lots, pieces and parcels of land therein described. 3. The proposed assessments are hereby adopted and confirmed as the proper special assessments for each of said lots, pieces and parcels of land respectively, and the assessment against each parcel, together with interest at the rate calculated at 2%over the interest cost per annum on the bonds to be issued by the City for said improvement, accruing on the full amount thereof unpaid, shall be a lien concurrent with general taxes upon parcel and all thereof. The total amount of each such assessment not pre-paid shall be payable in equal annual principal installments extending over a period of years, as indicated in each case. The first of said installments,together with interest on the entire assessment for the period of January 1, 2011 through December 31, 2011 will be payable with general taxes for the levy year of 2011 collectible in 2012, and one of each of the remaining instalhnents, together with one year's interest on that and all other unpaid installments, will be payable with general taxes for each consecutive year thereafter until the entire assessment is paid. C(Documents and Setnngslbarb suctutLocal SetnngslTemporary Internet FdeslOLK24Waolutton 11-012-Adopting Confirming Assessments dors