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0 <br /> CITY of ORONO <br /> 1 .�� i RESOLUTION OF THE CITY COUNCIL <br /> kSI'IO NO. <br /> A RESOLUTION DECLARING COST TO BE ASSESSED <br /> AND ORDERING PREPARATION OF PROPOSED ASSESSMENT <br /> FOR NORTH FARM ROAD SEWER PROJECT <br /> WHEREAS,costs have been determined for the North Farm Road sanitary sewer project and <br /> the estimated cost of the improvement will be $67,500. <br /> NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF ORONO, <br /> MINNESOTA: <br /> 1. The total cost to be assessed against benefited property owners is declared to be <br /> $67,500. <br /> 2. Assessments shall be payable in equal annual installments extending over a period <br /> of 15 years, the first of the installments to be payable on or before the first Monday <br /> in January 2011, and shall bear interest at the rate of 6.25 per cent per annum from the <br /> date of the adoption of the assessment resolution. <br /> 3. The City Clerk,with the assistance of the City Engineer shall forthwith calculate the proper <br /> amount to be specially assessed for such improvement against every assessable lot,piece or <br /> parcel of land within the district affected, without regard to cash valuation, as provided by <br /> law, and shall file a copy of such proposed assessment in the clerk's office for public <br /> inspection. <br /> 4. The Clerk shall upon completion of such proposed assessment, notify the Council <br /> thereof. <br /> Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held September <br /> 27, 2010. <br /> ATTEST: <br /> Li da S. Vee, City Clerk Ja es M. White, Mayor <br /> Page 1 of 1 <br />