HomeMy WebLinkAbout2016-158 (declaring cost to be assessed and ordering preparation of proposed assessment for Stillwater Oak Park Heights Street Project No. 2014-03, L.I. #407) RESOLUTION NO. 2016-158
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR
STILLWATER OAK PARK HEIGHTS STREET PROJECT
PROJECT NO, 2014-03, L.I. #407
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 $157,795.57 and the expenses incurred or to
be incurred in the making of such improvement amount to $53,123.78 so that the total cost of the
improvement will be$210,919.35
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
$43,531.51 and the portion of the cost to be assessed against benefited property owners is declared to
be $167,387.84
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,
2017, and shall
bear interest at the rate of 3.5% 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 16th day of August 2016.
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*2:414
Ted Kozlowski, Mayor
ATTEST:
Diane F. Ward, City Clerk