HomeMy WebLinkAbout88-0481
1
r
CITY OF PRIOR LAKE
;
RESOLUTION 88 -48
RESOLUTION DECLARING COST TO ,BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT'
]FOR PROJECT 88 -20: PLEASANT STREET
MOTION BY FIT7GHIALD SECONDED BY SCOTT `
WHEREAS, a contract has been l *t and costs have been determined for
the improvements of fro sct -88 -20 and' the contract (bid)
price for such' improvssents in 62 61 8 :50 , and the indirect
overhead expenses incurred, or to be,incurred in thee making
of
such impravement aaount,to $'18 785..55' 00 that the total
cost of the improvement will be 81,404;05
..
CJ
NON-THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL . 01 0 PRIOR
`MINNESOTA:
,. LAKE,
., °
1. The portion of the cost of such improvement to ba
City's Municipal State Aid fund which is hereby declared to
be $ 74,3_ and the portion of the coat to be, ";:;assissed
against benefited property owners is `v declaredj, tor. be
$ 7,080.45 .
,
.t P
2. Assessments, shall be payable on >an iqual principal
installment
"mithod extending over a period years., The
- first installment shall be the annual principal plugs:ntsrsst
calculated the public hearing data to the and of " this !
year plus the twlve Months of the next Year and shall, bear„
interest
at the rate of 8.25 percent par Annum, lrom the date
Of the adoption of the assessment resolution.
3. . n The City Manager, with the assistance of the City Engineer
shall lorthvith calculate the.propsr a6ount „to be specially
assasssd for such improvement ag ainst eve { `�'
g ry,Aj ssessable lot,
'.:
piece or parcel o! ,land�9vithin ths�. ..district ” S fasted, without
regard to cash valuation,` as'provjded by law,, and he shall
file .a copy of such proposed assessment in his office for
public inspection.
0123 447.4230 4M DAKOTA STREET S.E. PRIOR LAKE, MINNESOTA 56372
k .
7
R
0.:i
r,ri' .5� �'..�. �r, �a Y� � �i�a.� ``{ �ty�s
i .,,
�`�` x��'r:.