HomeMy WebLinkAboutCC RES 03-013 A RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERED PREPARATION OF PROPOSED ASSESSMENT Meeting Sheet
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Box: 31
Folder: RES 2003
Document: CC RES 03-013 A RESOLUTION DECLARING COST TO BE
ASSESSED AND ORDERED PREPARATION OF PROPOSED ASSESSMENT
CITY OF ST. ANTHONY
• RESOLUTION 03-013
A RESOLUTION DECLARING COST TO BE ASSESSED
AND ORDERED PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of(1) Edward Street, 33'd
Avenue Northeast to 34th Avenue Northeast; (2) 34th Avenue Northeast,
Stinson Boulevard to Silver Lake Road; (3) Belden Drive, 33'd Avenue
Northeast to 34th Avenue Northeast and the bid price for such
improvements is $1,219,931.38, and the total cost of the improvement will
be approximately$1,700,000.00.
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 by be $1,336,935.20 and the portion of the cost to be assessed against
benefited property owners is declared to be $363,064.80.
(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 2004, and shall bear interest at the rate of 2 percent 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 )L4 day of 2003.
May
ATTEST:
City Clerk�"L
Reviewed for administration: A
Clay fAAaKager
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