HomeMy WebLinkAboutCC RES 05-016 RESOLUTION DECLARING THE COST TO BE ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT Meeting Sheet
IIIIIIVIIIVIIIVIIIVIIIVIIIIIIIIIII
104396
Box: 31
Folder: RES 2005
Document: CC RES 05-016 RESOLUTION DECLARING THE COST TO BE
ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT
• CITY OF ST. ANTHONY
RESOLUTION 05-016
A RESOLUTION DECLARING THE COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of:
1. St. Anthony Road
2. Roosevelt Street from 315` Avenue to 33`d Avenue
3. Edwards Street from 3151 Avenue to 32 n' Avenue
4. Edwards Street from St. Anthony Road to 33`d Avenue
5. 3151 Avenue from Stinson Boulevard to Wilson Street
6. Roosevelt Court
and the bid price for such an improvement is $1,311,115.72, and the total cost
of the improvement will be approximately $1,800,000.
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 $1,460,000, and the portion of the cost to be assessed against
• benefited property owners is declared to be approximately $340,000.
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 2006, 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.
•
F I WPWIM1065-951RESOLUTIONSIRES 05-t"b-Cost and Assessmem-112904 doc
*u
Adopted this ��day of JOLMU Q , 2005.
•
ayor
ATTEST:
City Clerk
Reviewed for administration:
City Man ger
•
•
i