HomeMy WebLinkAboutCC RES 94-063 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT Meeting Sheet
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103464
Box: 26
Folder: RES 1994
Document: CC RES 94-063 RESOLUTION DECLARING COST TO BE
ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT
_ CITY OF ST. ANTHONY
RESOLUTION 94-063
A RESOLUTION DECLARING COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of(1) Crestview Drive, from 29th
Avenue N.E. to 31st Avenue N.E.; (2) Armour Terrace, from Silver Lake Road
to Crestview Drive; (3) Bell Lane, from Armour Terrace to Crestview Drive; and,
(4) East Gate Road, from Crestview Drive to Rankin Road, and the bid price for
such improvement is $659,709.90, and the total cost of the improvement will be
approximately $825,000.
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 $588,931 and the portion of the cost to be assessed against
benefitted property owners is declared to be $235,790.
(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 1996, and shall bear interest at the rate of 2 per cent per 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 13� day of ,C�j A , 1994.
Mayor
ATTEST:
City Clerk;
Reviewed for administration:
City Ma ger
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