HomeMy WebLinkAbout2019-096 (Declaring Cost to be Assessed and Ordering Preparation of Proposed Assessment for 2019 Street Improvement Project (Project 2019-02)) RESOLUTION 2019-096
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR
2019 STREET IMPROVEMENT PROJECT (PROJECT 2019-02)
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 $2,159,377.9 and
the expenses incurred or to be incurred in the making of such improvement amount to
$280,613.91 so that the total cost of the improvement will be $2,439,991.81.
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 $1,029,084.61 and the portion of the cost to be assessed against benefited property
owners is declared to be $1,410,907.20.
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, 2020, and shall bear interest at the rate of (2.75%) Two and three quarter
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 City Council this 3rd day of September 2019.
k:7—,
Ted Kozlowski, Mayor
ATTEST:
Beth Wolf, City Cle