HomeMy WebLinkAboutRES 18-019 DECLARING THE COST TO BE ASSESSED AND ORDERING PREPARATION OF THE PROPOSED ASSESSMENTS FOR THE 2018 STREET AND UTILITY IMPROVEMENTSCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 18 -019
A RESOLUTION DECLARING THE COST TO BE ASSESSED
AND ORDERING PREPARATION OF THE PROPOSED ASSESSMENTS
FOR THE 2018 STREET AND UTILITY IMPROVEMENTS
WHEREAS, costs have been determined for the improvement of-
Street & Utility Reconstruction
• MacAlaster Drive NE from 37" Avenue NE to the railroad tracks
• Foss Road from 37" Avenue NE to Chandler Drive NE
• Highcrest Road NE north of 37^ Avenue NE
Backyard Drainage Improvements
• Drainage from the parking lot serving the apartments located at 3727 Foss Road,
3721 Foss Road, and 3713 Foss Road outletting to Mirror Lake.
Water Reuse Retrofit
• Central Park Splash Pad
and the bid price for such an improvement is approximately $2,283,000. The total cost of
the improvement with contingencies, engineering, legal, and administrative fees will be
approximately $2,804,500.
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 $1,853,500 and the portion of the cost to be assessed against
benefited property owners is declared to be approximately $951,000.
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 2019, 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 13' day of February. 2018.
Hal Gray, Mayor Pro Tem
ATTEST:
Nicc a Miller, City Clerk
Reviewed for administration: Gil
Mark Casey, CiKy Manager