HomeMy WebLinkAbout2023-112 (Declaring Cost To Be Assessed & Ordering Preparation Of Proposed Assessment For 2023 Street Improvement Project (Project 2023-02))City of Stillwater
Washington County, Minnesota
RESOLUTION 2023-112
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR
2023 STREET IMPROVEMENT PROJECT
(PROJECT 2023-02)
WHEREAS, a contract has been let and costs have been determined for the
improvement of streets and utilities at $2,200,362.66 and the expenses incurred or to be
incurred in the making of such improvement amount to $320,005.18 so that the total cost of
the improvement will be $2,520,367.85.
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 $830,506.17 and the portion of the cost to be assessed against
benefited property owners is declared to be $1,689,861.67.
2. Assessments shall be payable in equal annual installments extending over a
period of five (5) years, if the assessment amount is $3000 or less or ten (10)
years if the assessment is over $3000. The first of the installments to be
payable on or before the first Monday in January, 2024, and shall bear interest
at the rate of (5.07%) five and a seven hundredth 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 5th day of September, 2023.
CITY OF STILLWATER
� I kg:: �7
Ted Kozlowski, Mayor
ATTEST:
Z�A
Beth Wolf, City Cler