HomeMy WebLinkAbout03-153 RESOLUTION 03-153
RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL FOR THE 2003 IMPROVEMENT PROJECT
CITY PROJECT 03-11
MOTION BY: PETERSEN SECOND BY BLOMBERG
WHEREAS, a Contract has been let and costs have been determined for the improvement of Condons Street,
Hope Street, Mitchell Cimle and 150· Street, Project 03-11 and the contract price for such
improvements is $2,071,104.86 and the expenses incurred or to be incurred in the making of such
improvements amount to $315,238.06, so that the total cost of the improvements will be
$2,386,342.92.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF PRIOR LAKE, MINNESOTA:
1. The recitals set forth above is incorporated herein as if fully set forth.
2. The portion of the cost of such improvements is to be paid by the City is hereby declared to be
$1,806,040.45, and the portion of the cost to be assessed against benefited property owners Ks declared to
be $580,302.47.
3. Assessments shall be payable on an equal principal installment method extending over a period of 10 years
for street improvements. The first installment shall be the annual principal plus interest calculated from the
public hearing date to the end of this year plus twelve months of the next year and shall bear interest at the
rate of a minimum of 6% per annum from the date of the adoption of the assessment resolution.
4. The City Manager, with the assistance of the City Engineer shall forthwith calculate the proper amount to be
specially assessed for such improvements against ever,/assessable lot, piece or parcel of land within the
distdct affected, without regard to cash valuation, as provided by law, and he shall file a copy of such
proposed assessment in the office of the City Manager for public inspection.
5. The City Manager shall upon the completion of such proposed assessment notify the City Council thereof.
Passed and adopted this 15th day of September, 2003.
YES NO
Haugen X Haugen
Blomberg X Blomberg
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
{Seal} Frank Boyl~r
162(~:l~l~e~,]~.~.,l~C~.'lt,~l'~'a 55372-1714 / Ph. (952) 447 4230 / Fax (952) 447 4245
AN EQUAL OPPORTUNITY EMPLOYER