HomeMy WebLinkAbout1992-202
('
r
o
~
llESOLD'fimt MO. 92-202
Resolution Declaring Cost to be Assessed
and
~ing Preparation of PL.....-ed AssesSlllellt
G1<Nes Addition. L.I. 283
............". a contract has been let (costs have been determined) for the :inprovement
of that area known as Gloves Addition which is bounded by the Highlands of
Stillwater Addition on the west and north, West Orleans Street on the south, and
west of Greeley Street and the contract price for such :inprovement is $78,000.00,
and the expenses incurred or to be incurred in the making of such :inprovement
amount to $25,451.26 so that the total cost of the improvement will be
$103,451.26.
_. ''MI<I<UUIC8. BE IT RBSllLYED BY mE CITY CDUltCIL OF In.'ILLIIA1'ER. ~CW1'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 $103,451.26.
2.
Assessments shall be payable in equal annual installJDents extending over
a period of fifteen 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.
~c~~
I1W; ~
-
,II
IIII