HomeMy WebLinkAboutRES 16-020 DECLARING THE COST TO BE ASSESSED AND ORDERING PREPARATION OF THE PROPOSED ASSESSMENTS FOR THE 2016 STREET AND UTILITY IMPROVEMENTSCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 16 -020
A RESOLUTION DECLARING THE COST TO BE ASSESSED
AND ORDERING PREPARATION OF THE PROPOSED ASSESSMENTS
FOR THE 2016 STREET AND UTILITY IMPROVEMENTS
WHEREAS, costs have been determined for the improvement of:
Street & Utility Reconstruction
Stinson Boulevard from 37`n Avenue NE to Silver Lane NE
Trail and Sidewalk Improvements
8' bituminous trail along west side of Stinson Boulevard between 37`" Place N and 40"
Avenue NE (This is a Columbia Heights improvement)
Salo Park sidewalk replacement
Decorative Li hting
Stinson Boulevard NE between 37`" Avenue NE and Silver Lane NE
and the bid price for such an improvement is approximately $2,215,000. The total cost of the
improvement with contingencies, engineering, legal, and administrative fees will be
approximately $2,700,000 and the St. Anthony portion of this project is anticipated to be
approximately $1,465,000.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Anthony Village that:
I . The portion of the cost of the proposed Street and Utility Improvement Project to be paid by the City
is hereby declared to be approximately $1,115,000 and the portion of the cost to be assessed against
benefited property owners is declared to be approximately $350,000.
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 2017, 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 9th day of Februarv, 2016.
ATTEST:
Nic Miller, City Cle k
Reviewed for administration:
Ja Jensor ayor Pro -Tem
/Z Z� -,- -
Mark dasey, d Manager