Laserfiche WebLink
RESOLUTION NO. 2026—9 <br /> A RESOLUTION DECLARING THE COST TO BE ASSESSED AND ORDERING <br /> PREPARATION OF PROPOSED ASSESSMENT ROLL <br /> FOR THE 2026 BALD EAGLE INDUSTRIAL PARK AREA STREET <br /> IMPROVEMENT PROJECT <br /> CITY OF HUGO,WASHINGTON COUNTY,MN <br /> WHEREAS estimated costs have been calculated for the 2026 Bald Eagle Industrial Park Area <br /> Street Improvement Project, consisting of the following roadway improvements: <br /> Full-depth pavement removal, paving, mill and overlay improvements, spot curb and gutter <br /> replacement, trail improvements, street lighting improvements, and minor utility improvements on the <br /> following streets: <br /> • 130th Street N from Europa Trail to Forest Blvd N/Trunk Highway 61 (TH 61) <br /> • Farnham Avenue N from the south terminus to 130th Street N <br /> • Fenway Blvd N from 130th Street N to 140th Street N <br /> • 140th Street from Fenway Blvd N to Forest Blvd/TH 61 <br /> • Fenway Blvd Court N from Fenway Blvd to its eastern terminus <br /> The estimated cost for such improvements is $4,690,000. That portion of the project that is <br /> assessable is the roadway improvements, with an estimated cost of$1,021,356.84; and <br /> NOW, THEREFORE, IT BE RESOLVED,by the City Council of the City of Hugo, <br /> Minnesota, as follows: <br /> 1. The portion of the cost of the roadway improvement is hereby declared to be $4,678,426; <br /> and the portion of the cost to be assessed against benefited property owners is declared to <br /> be$1,021,356.84. <br /> 2. Assessments shall be payable in annual installments extending over a period of 10 years, <br /> the first of the installments to be payable on or before the first Monday in January 2027, <br /> and shall bear interest at the rate of 4.55 percent per annum from the date of the adoption of <br /> the assessment resolution. <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 /> 4. The clerk shall upon the completion of such proposed assessment, notify the council <br /> thereof. <br /> Council members voting AYE: Krull, Miron, Petryk, Strub, Weidt <br /> Council members voting NAY: None <br />