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RESOLUTION NO. 91-42
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Local Improvement No. 257
A Resolution Declaring Cost To Be Assessed,
Ordering Preparation of Proposed Assessment Roll
and Ordering a Hearing on the Proposed Assessment
WHEREAS, a Resolution has been made by the City Council
ordering the advertisement for bids for Local Improvement No.
257, otherwise known as the Downtown Plan and the advertisement
is expected to obtain bid prices for the improvement using
several alternative designs so that the total estimated cost of
the improvement will be revealed prior to entering into a
contract for the construction thereof by the City.
NOW THEREFORE, BE IT RESOLVED:
1. The portion of the cost of this improvement to be paid
by the City is estimated to be $5.1 million, and the
portion of the cost to be assessed against benefited
property owners is estimated to be $2.2 million.
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2. Assessments shall be payable in equal installments
extending over a period of between ten to fifteen years,
the first of the installments to be payable on or before
the first Monday in January of 1992, and shall bear
interest at the estimated rate of eight (8%) percent per
annum from the date of the adoption of the assessment
resolution.
3. The City Clerk, with the assistance of the consulting
engineers, Short, Elliott & Hendrickson, shall forthwith
calculate the estimated amount to be specially assessed
for this improvement against every accessible lot, piece
or parcel of land in the district affected by this
improvement without regard to the cash valuation, as
provided by law. A copy of the proposed assessment
shall be filed in the Office of the City Clerk for
publiC inspection.
4. A hearing shall be held on April 16, 1991 at 7:00 p.m.
in the City Hall to pass upon such proposed assessment.
At this time and place all persons owning property
affected by the local improvement will be given an
opportunity to be heard with reference to this
assessment.
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5. The City Clerk is hereby directed to cause a Notice of
the hearing on the proposed assessment to be published
once in the official newspaper at least two weeks prior
to the hearing, and she shall state in the Notice the
total cost of the improvement. She shall also cause
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mailed notice to be given to the owner of each parcel
described in the assessment roll not less than two weeks
prior to the hearing.
The owner of any property so assessed may, at any time
prior to certification of the assessment to the County
Auditor, pay to the City Treasurer the whole of the
assessment on the property, with interest accrued to the
date of payment, except that no interest shall be
charged if the entire assessment is paid within 30 days
from the adoption of the assessment. They may, at any
time thereafter, pay the entire amount of the assessment
remaining unpaid, with interest accrued, to December 31
of the year in which such payment is made. Such payment
must be made before November 15 or interest will be
charged through December 31 of the succeeding year.
Adopted by the Stillwater City Council this 19th day of
March, 1991.
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Attest:
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