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RESOLUTION NO. 94-232
Resolution Declaring Cost to be Assessed
and
Ordering Preparation of Proposed Assessment
Myrtle Street Ravine Drainage, L.I. 284
WHEREAS, a contract has been let (costs have been determined) for the improvement of Owens
Street on the west, North Street on the north, Sixth Street on the east and Pine Street on the south
(Myrtle Street Ravine) and the contract price for such improvement is $186,891.31, and the
expenses incurred or to be incurred in the making of such improvement amount to $51,225.15 so
that the total cost of the improvement will be $238,116.46.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF STILLWATER,
MINNESOTA:
I. The portion of the cost of such improvement to be paid by the city is hereby declared to
be -0- and the portion of the cost to be assessed against benefited property owners is
declared to be $238,116.46.
2.
Assessments shall be payable in equal annual installments extending over a period often
(10) years, the first of the installments to be payable with general taxes collected in 1995,
and shall bear interest at the rate of 6.75 percent per annum from the date of the adoption
of the assessment resolution.
3. The city clerk, with the assistance of the city engineer (consulting 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.
Adopted by the council this 20th day of September 1994.
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City Clerk
Mayor