HomeMy WebLinkAboutRES 17-022 DECLARING THE COST TO BE ASSESSED AND ORDERING PREPARATION OF THE PROPOSED ASSESSMENTS FOR THE 2017 STREET AND UTILITY IMPROVEMENTSCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 17 -022
A RESOLUTION DECLARING THE COST TO BE ASSESSED
AND ORDERING PREPARATION OF THE PROPOSED ASSESSMENTS
FOR THE 2017 STREET AND UTILITY IMPROVEMENTS
WHEREAS, costs have been determined for the improvement of
Street & Utility Reconstruction
• Penrod Lane from 36h Avenue NE to Skycroft Drive
• Skycroft Drive from Penrod Lane to Maplewood Drive
• Maplewood Drive from Skycroft Drive to Highcrest Road NE (including adjacent cul-
de -sacs)
• Chelmsford Road from 36'h Avenue NE to Maplewood Drive
Bituminous Mill and Overlav
• Silver Lake Court from Silver Lane to the cul -de -sac.
and the bid price for such an improvement is approximately $2,320,300. The total cost of
the improvement with contingencies, engineering, legal, and administrative fees will be
approximately $3,010,400.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of St. Anthony Village that:
1. The portion of the cost of the proposed Street and Utility Improvement Project to be paid by the City
is hereby declared to be approximately $2,410,400 and the portion of the cost to be assessed against
benefited property owners is declared to be approximately $600,000.
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 2018, 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 24th day of January, 2017.
ATTEST:
Nicoll Miller, City Cle k
Reviewed for administration:
J rome O Faust, Mayor
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Mark Casey, City M nager