Laserfiche WebLink
G! <br />RESOLUTION NO. 2008 - 47 <br />RESOLUTION PROVIDING FOR THE DISTRIBUTION OF EXCESS <br />CONSTRUCTION FUNDS FOR THE 129TH STREET AND OAKSHORE PARK <br />PUBLIC IMPROVEMENT PROJECTS <br />WHEREAS, pursuant to proper notice duly given as required by law, the council has met <br />and adopted the assessments rolls for the 120 Street and Oakshore Park Public <br />Improvement Projects; and <br />WHEREAS, the council issued $1,230,000 G.O. Improvement Bonds to finance the 129' <br />Street and Oakshore Park Public Improvement Projects and placed the bond proceeds into <br />a construction fund: and <br />WHEREAS, the City Finance Director has reported that these projects are now complete <br />and all expenses pertaining thereto have been paid; and <br />WHEREAS, the council desires to equitably distribute the excess construction funds to <br />the owners of property so assessed; and <br />WHEREAS, the distribution shall be in the form of cash to the owners of property who <br />have heretofore paid their assessments in full; and <br />WHEREAS, the distribution shall be in the form of assessment balance reductions to the <br />owners of property that have not heretofore paid their assessments in full. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />HUGO, WASHINGTON COUNTY, MINNESOTA: <br />The City Finance Director is directed to distribute the excess construction funds for the <br />129' Street and Oakshore Park Public Improvement Projects, in the manner set forth <br />herein, to the owners of the parcels of property and in the amounts as set forth on the <br />attachment hereto. <br />Upon roll call, the following members voting AYE: Haas, Puleo, Miron <br />Upon roll call, the following members voting NAY: None <br />Upon roll call, the following members ABSTAINED: Petryk, Granger <br />Whereupon said resolution was declared passed and adopted this 3`d day of November, <br />2008. <br />1 <br />A4Mayor�S� <br />A <br />Michele Lindau, City Clerk <br />