04-13-1992 Council Packet - Laserfiche WebLink

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;-i’.- Vjin'"I:'/im. hi . ■■ ‘fv"''''. t ^ . ... ;^.-i :* ■ 7^' V>;: *'*.. '.T:-.r, • A RBSOLOTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT '.‘■r -:' mm% ■ <iV‘' WHEREAS, a contract has been let for the improvement of sanibary sewer in the Stubbs Bay area and the contract price for such improvement is $1,530,742.00 and the expenses incurred or to be incurred in the making of such improvement amount to $567,600.00 so that the total cost of the improvement will be $2,098,342.00. Wn'-^ "s; m MOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF OBOMO, MINNESOTA:'■ir 1. mIt#' fn. The portion of the cost of such improvement to be paid by the city is hereby declared to be $629,502.00, and the portion of the cost to be assessed against benefited property owners is declared to be $1,468,840.00. 2.Assessments shall be payable in equal annual installments extending over a period of 15 years, the first of the installments to be payable on or before the first Monday in January 1993, and shall bear interest at the rate of 8 per cent per annum from the date of the adoption of the assessment resolution. The city clerk, with the assistance of the city engineer shall forthwith calculate the proper amount to be specially assessed for such improvement against every assessabxe lot, piece or parcel of land within the district affected, without regard to cash valuation, as provided by law, and shall file a copy of such proposed assessment in the clerk's office for public inspection. i:I wn ‘P-4:: r 4.The clerk shall upon the completion of such proposed assessment, notify the council thereof. Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held April 13, 1992. '-'-t- miIseSr' ATTEST:Barbara A. Peterson, Mayor '■V'r ■ ■ - _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _r}|Sfborothy M. Hall in. City Clerk 7