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<br />CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br /> <br />RESOLUTION 17-022 <br /> <br />A RESOLUTION DECLARING THE COST TO BE ASSESSED <br />AND ORDERING PREPARATION OF THE PROPOSED ASSESSMENTS <br />FOR THE 2017 STREET AND UTILITY IMPROVEMENTS <br /> <br />WHEREAS, costs have been determined for the improvement of: <br /> <br />Street & Utility Reconstruction <br />• Penrod Lane from 36th Avenue NE to Skycroft Drive <br />• Skycroft Drive from Penrod Lane to Maplewood Drive <br />• Maplewood Drive from Skycroft Drive to Highcrest Road NE (including adjacent cul- <br />de-sacs) <br />• Chelmsford Road from 36th Avenue NE to Maplewood Drive <br /> <br />Bituminous Mill and Overlay <br />• Silver Lake Court from Silver Lane to the cul-de-sac. <br /> <br />and the bid price for such an improvement is approximately $2,320,300. The total cost of <br />the improvement with contingencies, engineering, legal, and administrative fees will be <br />approximately $3,010,400. <br /> <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Anthony Village that: <br /> <br />1. The portion of the cost of the proposed Street and Utility Improvement Project to be paid by the City <br />is hereby declared to be approximately $2,410,400 and the portion of the cost to be assessed against <br />benefited property owners is declared to be approximately $600,000. <br />2. Assessments shall be payable in equal annual installments extending over a period of 15 years, the <br />first of the installments to be payable on or before the first Monday in 2018, and shall bear interest at <br />the rate of 2 percent (2%) above the City’s borrowing rate at the time the bonds are issued. <br />3. The Consulting Engineer shall forthwith calculate the proper amount to be specially assessed for <br />such 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 the City Clerk shall file a copy of such <br />proposed assessment in the office for public inspection. <br />4. The City Clerk shall, upon the completion of such proposed assessment, notify the Council thereof. <br /> <br />Adopted this 24th day of January, 2017. <br /> <br /> <br /> _____________________________ <br /> Jerome O Faust, Mayor <br /> <br />ATTEST:____________________________ <br /> Nicole Miller, City Clerk <br /> <br />Reviewed for administration: ______________________________ <br /> Mark Casey, City Manager <br />47