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RBSf1T .JPfI0lI 110. 93-..l.@ 5
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Resolution Declarinq COst to be Assessed
aDd
Orderinq Preparation of Proposed AssesSBmt
for
L.I. 293, HigJobnilR of Stillwater, Phase IV
........&Q, a contract has been let (costs have been determined) for the improvement
of the Highlands of Stillwater, Phase IV all according to the Plats thereof,
Washington County, Minnesota and the contract price for such improvement is
$304,325.40, and the expenses incurred or to be incurred in the making of such
improvement amount to $91,318.94 so that the total cost of the improvement will
be $395,644.34.
__, 1~, BE rr RllSOLVBD BY mE crrr UJUM;ll, OF 8'rILLIUlmIl, ~:
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 $395,644.34.
2.
Assessments shall be payable in equal annual installments extending over
a period of ten years, the first of the installments to be payable with
general taxes collected in 1994, and shall bear interest at the rate of
8 percent per annum from the date of the adoption of the assessment
resolution.
r
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 21st day of September, 1993.
Uu.; Ci~~:rk~ ' '~I'</
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