HomeMy WebLinkAbout98-139RESOLUTION 98-139
RESOLUTION DECLARING PAVING COSTS TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENTS FOR PROJECT
97-17 PIKE LAKE TRAIL IMPROVEMENTS
MOTION BY: Mader SECOND BY: Wuellner
WHEREAS,
a Contract was let and costs were determined for the improvement of Pike
Lake Trail, Project 97-17 and the contract price for such improvements
was $400,546.00 and the expenses incurred or to be incurred in the
making of such improvements amounted to $120,163.80 so that the total
cost of the improvements would be $520,709.80, and
WHEREAS,
Change orders were approved for the improvement of Pike Lake Trail,
Project 97-17 and the contract price for such improvements was reduced
to $325,890.00 and the expenses incurred or to be incurred in the making
of such improvements was reduced to $97,767.00 so that the total cost of
the improvements was reduced to $423,657.00, and
WHEREAS,
the City Council has determined that it is appropriate to re-assess the
Paving Assessment associated with Project 97-17, Pike Lake Trail
improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF
PRIOR LAKE, MINNESOTA:
The portion of the cost of such paving improvements to be paid by the City
is hereby declared to be $81,062.92 and the portion of the cost to be
assessed against benefited property owners is declared to be
$224,473.10.
Assessments shall be payable on an equal principal installment method
extending over a period of 10 years for street and storm sewer
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 8% per annum from the date of the adoption of the
assessment resolution.
162(~s~.l~reek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
the district affected, without regard to cash valuation, as provided by law,
and he shall file a copy of such proposed paving assessment in his office
for public inspection.
The City Manager shall upon the completion of such proposed paving
assessment, notify the Council thereof.
Passed and adopted this 7th day of December, 1998.
{Seal}
YES NO
Mader X Mader
Kedrowski X Kedrowski
Petersen X Petersen
Schenck ~'~ ~:~'~' Schenck ~-
Wuellner X Wuellner
Frank Boy
City Mana!
City of Prior Lake
REASSESS.DOC