HomeMy WebLinkAbout2014-144 RESOLUTION NO. 2014-144
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR
2014 STREET IMPROVEMENT PROJECT (PROJECT 2014-02)
WHEREAS, a contract has been let and costs have been determined for the improvement of
streets. and utilities and the contract(bid) price for such improvement is $663,113.31 and the
expenses incurred or to be incurred in the making of such improvement amount to $123,475.66
so that the total cost of the improvement will be 786,608.97
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF STILLWATER,
MINNESOTA:
1. The portion of the cost of such improvement to be paid by the city is hereby declared to be
$290,170.75 and the portion of the cost to be assessed against benefited property owners is
declared to be $496,438.22
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 on or before the first Monday in January,
2015, and shall bear interest at the rate of(4.5%) four and a half percent per annum from the
date of the adoption of the assessment resolutions.
3. The city 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 shall file a copy of such
proposed assessment in their office for public inspection.
4. The clerk shall upon the completion of such proposed assessment notify the council thereof.
Adopted by the council this 2nd day of September 2014. ,,�'-
7 Harycki, Mayor
ATTEST:
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Larry 7:4nsen, Acting City Clerk