HomeMy WebLinkAbout8145 (Res.)
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RESOImIOIf NO. 8145
Resolution Declaring' Cost to be Assessed
and
Ordering' Preparation of PL' 'l" sed As__t
-lUIS, a contract has been let (costs have been determined) for the improvement
area bounded by Minnesota Trunk Highway 36 on the South, by Northwestern Avenue
on the West, by West Orleans and the extension thereof on the North, and by a
line 250 ft, East of Greeley Street on the East. The area includes all portions
of the City of Stillwater that are located within the area known as the "East
Industrial Park Drainage Area". and the contract price for such improvement is
$26,570.71. and the expenses incurred or to be incurred in the making of such
improvement amount to $28,417.73 so that the total cost of the improvement will
be $54,988.44,
_, '1."IIIIoImR.lIUlo, BK IT IUlSQLYm BY !lIE CI'l'!' UJUIIl;.ll, 01' STTT.Y"'I'WR, 1IDlRBSDrA.:
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 $54,988.44.
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 1990, 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
5th
day of September
19 89
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ity Clerk
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Mayor
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