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RESOLUTION 1990-1 <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING <br />PREPARATION OF PROPOSED ASSESSMENT FOR CAPITAL IMPROVE- <br />MENT PROJECT PHASE 1 #5-2-88(B) <br />WHEREAS, a contract has been let and costs have been determined for <br />the improvement of Oneka Lake Boulevard from 200' east of Geneva Avenue <br />easterly to Harrow Avenue, Harrow Avenue from 157th Street north to 165th <br />Street, Goodview Avenue from County Road 8A to the south corporate limits, <br />Falcon Avenue from 124th Street south to 120th Street, 177th Street from <br />State Aid Highway 61 to Greystone Avenue, 130th Street from State Highway <br />61 east to Goodview Avenue, and Hyde Avenue from 147th Street south <br />approximately .4 miles, and the 146th Street and 147th Street railroad <br />crossings, by the improvement of street surfacing and related <br />improvements; and the contract price for such improvement is $619,179.38, <br />and the expenses incurred, or to be incurred, in making such improvements <br />is $135,580.46 so that the total cost of the improvement will be <br />$754,759.84; <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUGO, <br />WASHINGTON COUNTY, MINNESOTA: <br />1. The portion of the cost of such improvements paid by the City is <br />hereby declared to be $529,134.44, and the portion of the cost to be <br />assessed to the benefited property owners is declared to be $225,625.40. <br />2. Assessments shall be payable in annual installments extending over a <br />period of 15 years, the first of the installments to be payable on or <br />before the 1st Monday in January, 1991, and shall bear interest at the <br />rate of 9% per annum from the date of adoption of the assessment <br />resolution. <br />3. The City Clerk, with the assistance of the City's consulting <br />engineers, shall forthwith calculate the proper amount to be specially <br />assessed for such improvement against every assessable lot, piece or <br />parcel of land in the district affected, without regard to cash valuation, <br />as provided by law, and he shall file a copy of such proposed assessment <br />in his office for public inspection. <br />4. The Clerk shall upon the completion of such proposed assessment, <br />notify the Council thereof. <br />Upon roll call the following members voted AYE: McAllister, Jesinski, <br />Olson, Atkinson <br />Voting NAY: NONE <br />Whereupon said resolution was declared passed and adopted this 2nd day of <br />January, 1990. <br />*eo' son, Mayor <br />ATTEST: <br />G: <br />Mary Creager, Cit lerk <br />