HomeMy WebLinkAbout93-93
RESOLUTION 93-93
RESOLUTION DECLARING COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR
Project 93-13 Forest Circle
Construction Improvements
MOTION BY:
WHITE
SECONDED BY:
KlIDROWSKI
WHEREAS,
a contract has been let (costs have been determined) for the improvements of Prqject 93-13 and
the contract (bid) price for such improvements is ~ 130r500 OQ, and the expenses incurred or to be
incurred in the making of such improvement amount to ~24 572.29, so that the total cost of the
improvement will be $155 072 29.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and City Counell of Prior Lake, Minnesota:
1. The portion of the cost of such improvement to be paid by the City.s Tnmk Reserve Fund is
hereby declared to be $31 827.43, and the portion of the cost to be assessed against benefited
property owners, less the pre-paid amount of $22 500 00 is declared to be $100 744.86.
2. Assessments shall be payable on an equal principal installment method extending over a period of
10 years. The fll'St 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 ~ per cent 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 improvement 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 1st day of November, 1993.
YES
NO
Andren
Fitzgerald
Kedrowski
Scott
White
{ Seal}
ASSO.5B. WKT
4629 Dakota St. S.E., Prior Lake, Minnesota 55372 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLDYER