HomeMy WebLinkAboutCC RES 98-014 RESOLUTION DECLARING COST TO BE ASSESED AND RDERING PREPERATION OF PROPOSED ASSESSMENT Meeting Sheet
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103136
Box: 26
Folder: RES 1998
Document: CC RES 98-014 RESOLUTION DECLARING COST TO BE
ASSESED AND RDERING PREPERATION OF PROPOSED ASSESSMENT
• CITY OF ST. ANTHONY
RESOLUTION 98-014
A RESOLUTION DECLARING COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of (1) Edward Street, from 34th
Avenue NE to 35th Avenue NE; (2) Harding Street, from 34th Avenue NE to
36th Avenue NE; and (3) Roosevelt Street, from 34th Avenue NE to 35th Avenue
NE, the bid price for such improvement is $533,674.45 and the total cost of the
improvement will be approximately $700,265.17.
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 $519,356.75 and the portion of the cost to be assessed against
benefitted property owners is declared to be $180,908.42.
(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 1999, and shall bear interest at the rate of 2 per cent 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 ofitj-4_ 1998.
ayor
ATTEST: lh�?itrc.QJ
City Clerk
Reviewed for administration:
C Manager
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