2004.08.16 RESO 2004-0065 - Laserfiche WebLink

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RESOLUTION NO. 2004 — 65 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT WHEREAS, costs have been determined for the improvement of the Peloquin Industrial Park consisting of the extension of municipal water, sanitary sewer, bituminous pavement, curb, gutter, and storm sewer on 152nd Street from the east edge of Forest Boulevard to the east edge of Freeland Avenue, Francesca Avenue from the south edge of 152nd Street south to the end of the cul-de-sac, and Freeland Avenue from the south edge of 152nd Street south to the end of the cul-de-sac; and WHEREAS, costs have been determined for the extension of municipal water and sanitary sewer from 152nd Street north to the north line of Section 17; and WHEREAS, the contract price for such improvement is $1,765,300.77, and the expenses incurred in the making of such improvement amount to $510,621.38 so that the total cost of the improvement will be $2,275,922.15. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUGO, WASHINGTON COUNTY, MINNESOTA: 1. The portion of the cost of such improvement to be paid by the city is hereby declared to be $877,889.43 and the portion of the cost to be assessed against benefited property owners is declared to be $1,398,032.72. 2. Assessments shall be payable in equal annual installments extending over a period of fifteen years, the first of the installments to be payable on or before the fust Monday in January, 2005, and shall bear interest at the rate of 6 percent per annum from the date of the adoption of the assessment resolution. 3. The City Clerk, with the assistance of the City Finance Director and City 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 she shall file a copy of such proposed assessment in her office for public inspection. 4. The City Clerk shall upon the completion of such proposed assessment, notify the council thereof. Upon roll call, the following members voting AYE: Puleo, Haas, Petryk and Miron. Upon roll call, the following members voting NAY: None.