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S:\Office_SHARED\Resolutions\2022 Resolutions\2022- 121st DeclareCost to be assessed.doc <br />RESOLUTION NO. 2022 – <br /> <br />A RESOLUTION DECLARING THE COST TO BE ASSESSED AND ORDERING <br />PREPARATION OF PROPOSED ASSESSMENT ROLL <br />FOR THE 121st STREET AND ACRES OF BALD EAGLE <br />UTILITY AND STREET IMPROVEMENTS <br />CITY OF HUGO, WASHINGTON COUNTY, MN <br /> <br /> <br />WHEREAS estimated costs have been calculated for the 121st Street and Acres of Bald Eagle <br />Utility and Street Improvements consisting of sanitary sewer services and watermain services to <br />benefitting properties along 121st Street North from Everton Avenue North to Falcon Avenue <br />North. Costs associated with the Acres of Bald Eagle are the responsibility of the developer and <br />identified by separate agreement. The estimated cost for such improvements is $113,315.64. <br />That portion of the project that is assessable is the sanitary sewer and watermain service <br />improvements with estimated costs is $113,315.64; and <br /> <br />NOW, THEREFORE, IT BE RESOLVED, by the City Council of the City of Hugo, <br />Minnesota, as follows: <br /> <br />1. The portion of the cost of the roadway improvement is hereby declared to be $113,315.64; <br />and the portion of the cost to be assessed against benefited property owners is declared to <br />be $113,315.64. <br /> <br />2. Assessments shall be payable in equal annual installments extending over a period of 10 <br />years, the first of the installments to be payable on or before the first Monday in January <br />2023 and shall bear interest at the rate of 4.25 percent per annum from the date of the <br />adoption of the assessment resolution. <br /> <br />3. The city clerk, with the assistance of the city engineer, shall forthwith calculate the proper <br />amount to be specially assessed for such improvement against every assessable lot, piece or <br />parcel of land within the district affected, without regard to cash valuation, as provided by <br />law, and he shall file a copy of such proposed assessment in his office for public inspection. <br /> <br />4. The clerk shall upon the completion of such proposed assessment, notify the council <br />thereof. <br /> <br />Council members voting AYE: <br /> <br />Council members voting NAY: <br /> <br />Whereupon said resolution was declared passed and adopted this 15th day of August, 2022. <br /> <br /> <br />________________________ <br /> Tom Weidt, Mayor <br />ATTEST: <br /> <br />___________________________________ <br />Michele Lindau, City Clerk <br />