HomeMy WebLinkAboutCC RES 97-015 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT Meeting Sheet
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103221
Box: 26
Folder: RES 1997
Document: CC RES 97-015 RESOLUTION DECLARING COST TO BE
ASSESSED AND ORDERING PREPERATION OF PROPOSED ASSESSMENT
• CITY OF ST. ANTHONY
RESOLUTION 97-015
A RESOLUTION DECLARING COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of(1) Roosevelt Street, between
35th Avenue NE and 37th Avenue NE; and, (2) 35th Avenue NE, between Stinson
Boulevard and Harding Street, and the bid price for such improvement is
$570,547.33 and the total cost of the improvement will be approximately
$690,897.33.
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 $302,244.80 and the portion of the cost to be assessed against
benefitted property owners is declared to be $162,723.38.
(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 1998, 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 14 day of Ta r , 1997.
//��11 Mayor
ATTEST: C_.4
City Clerk
Reviewed for administration:
ity ManaJer
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