HomeMy WebLinkAbout1991-178
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RESOLU'fiml RO. 91-178
Resolution Declarinq Cost to be Assessed
and
Orderinq Preparation of PUJt'UDed AssesSllll!llt for L.I. 271
wmra~, a contract has been let (costs have been determined) for the improvement
of sanitary sewer main, water main, utility services, storm sewer and street
construction on the southerly 350 feet of Parcel 1 and the southerly 350 feet
of Parcel 2, both in OUtlot A of the Stillwater Industrial Park; together with
Lot I, Lot 2, Lot 3, Lot 4 and Lot 5 of Block 1 of the Kern Pauley Addition to
the Stillwater Industrial Park and the contract price for such improvement is
estimated to be $198,531.40 and the expenses incurred or to be incurred in the
making of such improvement amount to $38,332.49 so that the total cost of the
improvement will be $236,863.89.
ROIJ, "'H.,.,tlfOlll!:, BE IT llBSQLVI!I) BY mE CI'l'Y UJUlfCJL OF S'rILLIIA!Bll, 1IIlOIESO'.rA:
1. The portion of the cost of such improvement to be paid by the city is
hereby declared to be $91,475.70 and the portion of the cost be assessed
against benefited property owners is declared to be $145,388.19.
2.
Assessments shall be payable in equal annual installments extending over
a period of 10 years, the first of the installments to be payable on or
before the first Monday in January, 1992, and shall bear interest at the
rate of 8 percent per annum from the date of the adoption of the assessment
resolution.
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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 of 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 far public inspection.
4. The clerk shall upon the completion of such proposed assessment, notify
the council thereof.
Adopted by Council this 17th day of September 1991.
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{City Clerk
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C~
Mayor
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