HomeMy WebLinkAboutRES 13-021 Costs to be Assessed for 2013 Street ProjectCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 13-021
A RESOLUTION DECLARING THE COST TO BE ASSESSED
AND ORDERING PREPARATION OF THE PROPOSED ASSESSMENTS
FOR THE 2013 STREET AND UTILITY IMPROVEMENTS
WHEREAS, costs have been determined for the improvement by reconstruction of
Edward Street from 35h Avenue NE to 36`" Avenue NE
36'" Avenue NE from Roosevelt Street to Silver Lake Road
and the bid price for such an improvement is approximately $1,311,446.62. The total cost of
the improvement with engineering, legal, and administrative fees will be approximately
$1,803,196.62.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Anthony Village that:
1. The portion of the cost of such improvement to be paid by the City is hereby declared to
be approximately $1,423,996.22 and the portion of the cost to be assessed against
benefited property owners is declared to be approximately $379,200.40
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 2014,
and shall bear interest at the rate of 2 percent (2%) 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 22"d day of January, 2013.
erome O Faust, Mayor
ATTEST: %W&O
Barbara J Suciu, City Jerk
Reviewed for administration: ak
Mark Casey, City Manager