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RESOLUTION NO. 97- 198
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT FOR
HAZEL STREET RAVINE STORM SEWER
(pROJECT NO. 9610, L.I. 321)
WHEREAS, a contract has been let and costs have been determined for storm sewer
improvements to the Hazel Street Ravine and the contract (bid) price for such improvement is
$20,000.00 and the expenses incurred or to be incurred in the making of such improvement
amount to $23,764.00 so that the total cost of the improvement will be $43,764.00.
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
$23,505.67 and the portion of the cost to be assessed against benefited property owners is
declared to be $20,258.33.
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, 1998, and shall bear interest at the rate of 7 percent per annum from the date of
the adoption of the assessment resolutions
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 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 council this 2nd day of September, 1997.
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