HomeMy WebLinkAbout2022-114 (Declaring Cost to be Assessed & Ordering Preparation of Proposed Assessment for 2022 Street Improvement (Project 2022-02))City of Stillwater
Washington County, Minnesota
RESOLUTION 2022-114
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR
2022 STREET IMPROVEMENT PROJECT
(PROJECT 2022-02)
WHEREAS, a contract has been let and costs have been determined for the
improvement of streets and utilities at $1,965,000 and the expenses incurred or to be
incurred in the making of such improvement amount to $460,920.00 so that the total cost of
the improvement will be $2,425,920.00.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
STILLWATER, MINNESOTA:
1. The portion of the cost of such improvement to be paid by the city is hereby
declared to be $819,446.32 and the portion of the cost to be assessed against
benefited property owners is declared to be $1,606,473.68
2. Assessments shall be payable in equal annual installments extending over a
period of ten (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 (4.50%) four
and a half percent per annum from the date of the adoption of the assessment
resolutions.
3. 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 shall file a copy of such proposed assessment in their office for public
inspection.
4. The clerk shall upon the completion of such proposed assessment notify the
council thereof.
Adopted by the Stillwater City Council this 6th day of September, 2022.
CITY OF� WAT R
Ted Kozlowski, Mayor