2022.09.06 RESO 2022 - 55 Ordering Costs to be Assessed for Oneka Pkwy

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RESOLUTION NO. 2022 — 55 A RESOLUTION DECLARING THE COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL FOR THE 2022 ONEKA PARKWAY IMPROVEMENTS CITY OF HUGO, WASHINGTON COUNTY, MN WHEREAS estimated costs have been calculated for the 2022 Oneka Parkway Improvements consisting of roadway improvements on Oneka Parkway from Frenchman Road (CSAH 8) to Heritage Parkway. The estimated cost for such improvements is $2,600,000. That portion of the project that is assessable is the roadway improvements with estimated costs is $381,500.00; and NOW, THEREFORE, IT BE RESOLVED, by the City Council of the City of Hugo, Minnesota, as follows: 1. The portion of the cost of the roadway improvement is hereby declared to be $2,600,000; and the portion of the cost to be assessed against benefited property owners is declared to be $381,500.00. 2. Assessments shall be payable in equal annual installments extending over a period of 5 years, the first of the installments to be payable on or before the first Monday in January, 2023 and shall bear interest at the rate of 4.25 percent per annum from the date of the adoption of the assessment resolution. 3. The city clerk, with the assistance of the 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 he shall file a copy of such proposed assessment in his office for public inspection. 4. The clerk shall upon the completion of such proposed assessment, notify the council thereof. Council members voting AYE: Klein, Miron, Petryk, Strub, Weidt Council members voting NAY: None Whereupon said resolution was declared passed and adopted this Torn W eidt, Mayor ATTEST: 1%, Michele Lindau, City Clerk