HomeMy WebLinkAboutCC RES 02-013 A RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT Meeting Sheet
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104608
Box: 31
Folder: RES 2002
Document: CC RES 02-013 A RESOLUTION DECLARING COST TO BE
ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
CITY OF ST. ANTHONY
RESOLUTION 02-013
A RESOLUTION DECLARING COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of(1) Wilson Street,between 30`'
Avenue NE and 32'Avenue NE,(2) Harding Street, between 30`'Avenue NE and
315'Avenue NE, (3) 31'Avenue NE, between Wilson Street and Silver Lake Road,
and (4) 32'Avenue NE, between Edward Street and Belden Drive, and the bid price
for such improvement is$1,929814.52, and the total cost of the improvement will be
approximately$2,400,000.00.
NOW,THEREFORE, BE IT RESOLVED, by the City Council of St. Anthony, Minnesota:
(1) The portion of the cost of such improvement to be paid by the City is hereby declared to
be $1,700,000 and the portion of the cost to be assessed against benefited property
owners is declared to be $310,000.00.
(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 2003,
and shall bear interest at the rate of 2 per cent 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 ti day of ��� .2002.
Ma
ATTEST:
City Clerk
Reviewed for Administration:
City Manfiger
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