HomeMy WebLinkAboutCC RES 04-033 RESOLUTION DECLARING THE COST TO BE ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT Meeting Sheet
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Box: 31
Folder: RES 2004
Document: CC RES O4-033 RESOLUTION DECLARING THE COST TO BE
ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT
• CITY OF ST. ANTHONY
RESOLUTION 04-033
A RESOLUTION DECLARING THE COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of 39th Avenue from Stinson
Boulevard to Silver Lake Road, and the total cost of the improvement will be
approximately$2,000,000.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Anthony:
1. The portion of the cost of such improvement to be paid by the City is hereby
declared to be $775,000, and the portion of the cost to be assessed against
benefited property owners is declared to be $1,225,000.
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 2005, 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 3 day of 1 a 520
Mayor
ATTEST: d t yti�i L
City Clerk
Reviewed for administration:
• ity Mat ger
F:\WPWIN\1065-85\Resolutions\Resolution 04-014(Cost and Assessment)I 22903.doc