RES 18-026 ADOPTING AND CONFIRMING ASSESSMENTS FOR THE 2018 STREET AND UTILITY IMPROVEMENTS

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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 18 -026 A RESOLUTION ADOPTING AND CONFIRMING ASSESSMENTS FOR THE 2018 STREET AND UTILITY IMPROVEMENTS The amount proper and necessary to be specially assessed at this time for various public improvements is 35% (low density residential) and 50% (high density residential, commercial and industrial) assessable as follows: First Year Years First Year Lew Collectible Assessed 15 2018 2019 $649,878.74 For improvements to the following: Street & Utility Reconstruction • Macalaster Drive NE from 37h Avenue NE to the railroad tracks • Foss Road from 37' Avenue NE to Chandler Drive NE • Highcrest Road NE north of 37'h Avenue NE Backyard Drainage Improvements • Drainage from the parking lot serving the apartments located at 3727 Foss Road, 3721 Foss Road, and 3713 Foss Road outletting to Mirror Lake. 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. 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