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HomeMy WebLinkAbout2022.08.15 RESO 2022 - 53 Costs to be Assessed for 121st/Acres of Bald EagleRESOLUTION NO.2022 — 53 A RESOLUTION DECLARING THE COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL FOR THE 121st STREET AND ACRES OF BALD EAGLE UTILITY AND STREET IMPROVEMENTS CITY OF HUGO, WASHINGTON COUNTY, MN WHEREAS estimated costs have been calculated for the 121 st Street and Acres of Bald Eagle Utility and Street Improvements consisting of sanitary sewer services and watermain services to benefitting properties along 121 st Street North from Everton Avenue North to Falcon Avenue North. Costs associated with the Acres of Bald Eagle are the responsibility of the developer and identified by separate agreement. The estimated cost for such improvements is $113,315.64. That portion of the project that is assessable is the sanitary sewer and watermain service improvements with estimated costs is $113,315.64; 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 $113,315.64; and the portion of the cost to be assessed against benefited property owners is declared to be $113,315.64. 2. Assessments shall be payable in equal 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 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 15th om Weidt, Mayor ATTEST: Michele Lindau, City Clerk