2026.03.02 CC Packet - Laserfiche WebLink

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RESOLUTION NO. 2026 – A RESOLUTION DECLARING THE COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL FOR THE 2026 BALD EAGLE INDUSTRIAL PARK AREA STREET IMPROVEMENT PROJECT CITY OF HUGO, WASHINGTON COUNTY, MN WHEREAS estimated costs have been calculated for the 2026 Bald Eagle Industrial Park Area Street Improvement Project, consisting of the following roadway improvements: Full-depth pavement removal, paving, mill and overlay improvements, spot curb and gutter replacement, trail improvements, street lighting improvements, and minor utility improvements on the following streets: • 130th Street N from Europa Trail to Forest Blvd N / Trunk Highway 61 (TH 61) • Farnham Avenue N from the south terminus to 130th Street N • Fenway Blvd N from 130th Street N to 140th Street N • 140th Street from Fenway Blvd N to Forest Blvd / TH 61 • Fenway Blvd Court N from Fenway Blvd to its eastern terminus The estimated cost for such improvements is $4,690,000. That portion of the project that is assessable is the roadway improvements, with an estimated cost of $1,033,330; 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 $4,690,000; and the portion of the cost to be assessed against benefited property owners is declared to be $1,033,330. 2. Assessments shall be payable in annual installments extending over a period of 10 years, the first of the installments to be payable on or before the first Monday in January 2027, and shall bear interest at the rate of 4.55 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.