HomeMy WebLinkAboutCC RES 09-039 RESOLUTION DECLARING THE COST TO BE ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT Meeting Sheet
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104019
Box: 31
Folder: RES 2009
Document: CC RES 09-039 RESOLUTION DECLARING THE COST TO BE
ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT
CITY OF ST.ANTHONY
• RESOLUTION 09-039
A RESOLUTION DECLARING THE COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of:
1. Alley located immediately south of Croft Drive and west of Old Highway 8.
and the bid price for such an improvement is $79,387.00. The total cost of the
improvement with administrative fees,bond interest and bond fees will be
approximately$84,300.00.
NOW,THEREFORE,BE IT RESOLVED,by the City Council of the City of St. Anthony:
1. The entire cost of such improvement to be assessed against benefited property
owners is declared to be approximately$84,300.00.
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
2010, 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,1' day of , 2009.
Ma or
ATTEST: 4
City Clerk
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Reviewed for administration: ''`--
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