HomeMy WebLinkAbout00-92 RESOLUTION 00-92
iN DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF
~SED ASSESSMENTS FOR FISH POINT ROAD AND FAIRLAWN SHORES TRAIL
OVERLAY IMPROVEMENTS (CITY PROJECT #13-00)
Motion By: MADER Second By: GUNDLACH
WHEREAS, a Contract has been let and costs have been determined for the improvement of Fish
Point Road and Fairlawn Shores Trail Project 13-00 and the contract price for such
improvements is $128,972 and the expenses incurred or to be incurred in the making of
such improvements amount to $33,854, so that the total cost of the improvements will
be $162,826.
Now THEREFORE, be it resolved by the City Council of the City of Prior Lake that the following are
hereby adopted:
1. The portion of the cost of such improvements is to be paid by the City is hereby declared to be
$104,147, and the portion of the cost to be assessed against benefited property owners is declared
to be $58,679.
2. 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 8% per annum from the date of the adoption of
the assessment resolution.
3. The City Manager, with the assistance of the City Engineer shall forthwith calculate the proper
amount to be specially assessed for such improvements 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 City Manager shall upon the completion of such proposed assessment notify the Council
thereof.
PASSED AND ADOPTED THIS 18TM DAY OF SEPTEMBER, 2000.
YES NO
Mader X Mader
Ericson X Ericson
Gundlach X Gundlach
Petersen X Petersen
vacant Vacant
City Man~'er~ity~f Prior Lake
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
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