HomeMy WebLinkAboutCC RES 99-014 A RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT Meeting Sheet
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104876
Box: 31
Folder: RES 1999
Document: CC RES 99-014 A RESOLUTION DECLARING COST TO BE
ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
• CITY OF ST. ANTHONY
RESOLUTION 99-014
A RESOLUTION DECLARING COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of(1) Wilson Street, 27`h Avenue
NE to 29`h Avenue NE; (2) Pahl Avenue, Wilson Street to Coolidge Street; (3)
Alley: Wilson Street to Coolidge Street (south of Murray Avenue); (4) Alley:
Wilson Street to Coolidge Street (south of Pahl Avenue); and, (5) Alley, Wilson
Street to Coolidge Street (south of St. Anthony Boulevard) and the bid price for
such improvement is $886,231.71, and the total cost of the improvement will be
approximately $1,130,000.
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 $1,121,715.70 and the portion of the cost to be assessed against
benefitted property owners is declared to be $82,848.29.
• (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 2000, 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 day of Sd vt uLO.r�/ , 1999.
Mayor
ATTEST:
CityClerk
• Reviewed for administration: Aid
City Ma ger