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t <br />A RESOLUTION DECLARING COST TO BE ASSESSED AND <br />ORDERING PREPARATION OF PROPOSED ASSESSMENT <br />WHEREAS, costs have been determined for the improvement of sanitary sewer in the <br />Edgewood Hills and Shoreline/Heritage areas and the estimated contract price for such improvement is <br />$ and the expenses incurred or to be incurred in the making of such improvement <br />amount to $ ___________ so that the total estimated cost of the improvement will be <br />$ _____________________. <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 />$ <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, 1999, and shall bear interest at the rate of 8.0 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 <br />proper amount to be specially assessed for such improvement against every assessable lot, <br />piece or parcel of land within the district affected, without regard to cash valuation, as <br />provided by law, and shall file a copy of such proposed assessment in the clerk s office for <br />public 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 June 8,1998, <br />ATTEST: <br />Linda S. Vee, City Clerk Gabriel Jabbour, Mayor <br />I 1 <br />4 <br />1 V