HomeMy WebLinkAbout1992-198
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RESOLUTION NO. 92-198
Resolution Declaring Cost to be Assessed
and
Ordering Preparation of Proposed Asses_t
Highlands of Stillwater - Phase II, L.r. 276
.......ll.a. a contract has been let (costs have been determined) for the improvement
of Highlands of Stillwater, 2nd Addition which is property abutting on West
Orleans Street, between the south line of Highland Road and Benson Blvd. West
and the north line of Highland Road and Benson Blvd. West and the contract price
for such improvement is $307,941.60, and the expenses incurred or to be incurred
in the making of such improvement amount to $62,858.54 so that the total cost
of the improvement will be $370,800.14.
HOII, .....KIlIU'\JIm, BE rr RBSOLYED BY TIlE CITY CCOJICIL OF S'f'TToUlJI'I'IlR, JIDI!IESO'fA:
1. 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 be assessed against
benefited property owners is declared to be $370,800.14.
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
with general taxes collected in 1993, and shall bear interest at the rate
of 8 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 6th day of October 1992.
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