HomeMy WebLinkAbout2021.09.07 RESO 2021-58 Assessment Costs for 2021 Downtown ProjectRESOLUTION NO. 2021— 58
A RESOLUTION DECLARING THE COST TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT ROLL
FOR THE 2021 DOWNTOWN IMPROVEMENT PROJECT
WHEREAS estimated costs have been calculated for the Goodview Avenue Improvement
consisting of roadway improvements on 147t' Street from just west of TH 61 to Finale Avenue,
147'h Street from Finale Avenue to Oneka Parkway (new construction), Flay Avenue north of
147a' Street to its existing termination point, Upper 146t' Street from Finale Avenue to Fitzgerald
Avenue, 146 h Street from Finale Avenue to Fitzgerald Avenue, Finley Avenue from Upper 146t'
Street to 145 h Street, and Fitzgerald Avenue from 147t' Street to 146t' Street. The estimated cost
for such improvements is $3,240,800. That portion of the project that is assessable is the roadway
improvements with estimated costs is $259,639.75; 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 $3,240,800;
and the portion of the cost to be assessed against benefited property owners is declared to
be $259,639.75.
2. Assessments shall be payable in equal annual installments extending over a period of 15
years, the first of the installments to be payable on or before the first Monday in January,
2021 and shall bear interest at the rate of 4.00 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 7th day 021.
Tom Weidt, Mayor
ATTEST:
Michele Lindau, City Clerk