HomeMy WebLinkAbout2026.03 02 RESO 2026-4 Declaring Costs for BEIP Area Street Project RESOLUTION 2026-4
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 134th Street N
• Fenway Blvd N from 134th 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.
Resolution 2026-4
Council members voting AYE: Krull, Miron, Petryk, Strub, Weidt
Council members voting NAY: None
Whereupon said resolution was declared passed and adopted this 2nd day ar
om Weidt, Mayor
ATTEST:
Michele Lindau, City Clerk