HomeMy WebLinkAbout99-89
RESOLUTION 99-89
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IlVNESO ESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT ROLL FOR PROJECT
99-13 NORTH SHORE OAKS 1ST ADDITION SANITARY SEWER AND WATER SERVICE
IMPROVEMENTS
MOTION BY: Schenck
SECOND BY: Petersen
WHEREAS, bids have been received and costs have been determined for the improvement of North
Shore Oaks 1st Addition Sanitary Sewer and Water Service, Project 99-13, and the
contract price for such improvements is $59,465.54, the expenses incurred in the
making of such improvements amount to $17,839.66 and the trunk acreage
assessement is $10927.44, so that the total cost of the improvements is $88,232.64.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF PRIOR LAKE,
MINNESOTA:
1. The portion of the cost of such improvements is to be paid by the City is hereby declared to be
$0.00 and the portion of the cost to be assessed against the benefited property owners is declared
to be $88,232.64.
2. Assessments shall be payable on an equal principal installment method extending over a period of
5 years for trunk acreage assessment and 20 years for sanitary sewer and water 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 7th day of September, 1999.
YES NO
Mader X Mader
Kedrowski X Kedrowski
Petersen X Petersen
Schenck X Schenck
Wuellner X Wuellner
{Seal}
Frank Boyl
City Mana er
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 1 Fax (612) 447-4245
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