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RESOLUTION NO. 94-251
Resolution Declaring Cost to be Assessed
and
Ordering Preparation of Proposed Assessment
Southeast Area Sewer, L.I. 285
WHEREAS, a contract has been let (costs have been determined) for the improvement of
Sixth Avenue on the west, State Trunk Highway 36195 on the east, Willard Street on the
north and Odeans Street on the south and the contract price for such improvement is
$1,360,053.24, and the expenses incurred or to be incurred in the making of such
improvement amount to $368,699.95 so that the total cost of the improvement will be $
1,728,753.19.
NOW, THEREFORE, BE IT RESOLVED BY THE CIlY COUNCIL OF STILLWATER,
MINNESOTA:
1. The portion of the cost of such improvement to be paid by the city is hereby declared
to be $ 704,720.46 and the portion of the cost to be assessed against benefited
property owners is declared to be $ 1,024,032.73.
2.
Assessments shall be payable in equal annual installments extending over a period
of fifteen (15) 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 4th day of October, 1994.
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Morli eldon, City Oerk
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Charles M. Hooley, Mayor
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