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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br />RESOLUTION 21-030 <br />A RESOLUTION DECLARING THE COST TO BE ASSESSED <br />AND ORDERING PREPARATION OF THE PROPOSED ASSESSMENTS <br />FOR THE 2021 STREET AND UTILITY IMPROVEMENTS <br />WHEREAS, costs have been determined for the improvement of <br />Street & Utility Reconstruction <br />Skycroft Drive from 321 Avenue to 331 Avenue <br />• Croft Drive from 32nd Avenue to 331 Avenue <br />33'd Avenue Storm Sewer Improvements <br />Mill and Overlay <br />31" Avenue from Rankin Road to Old Highway 8 <br />Croft Drive from Ranking Road to 31" Avenue <br />29' Avenue from Stinson Boulevard to Silver Lake Road <br />St. Anthony Boulevard from Stinson Boulevard to Kenzie Terrace <br />Sanitary Sewer Capacity Improvements <br />• Foss Road Lift Station Pumps <br />and the bid price for such an improvement is $1,896,823.85. The total cost of the <br />improvement with contingencies, engineering, legal, and administrative fees will be <br />approximately $2,383,000. <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Anthony Village that: <br />1. The portion of the cost of the proposed 2021 Street and Utility Improvement Project to be paid by <br />the City is hereby declared to be approximately $2,383,000 and the portion of the cost to be assessed <br />against benefited property owners is declared to be approximately $543,800. <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 2021, 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 />Adopted this 23rd day of March , 2021. <br />ATTEST: <br />NiccheMiller, City Clerk <br />Reviewed for administration: <br />Charlie Yunker, City Manager <br />