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_ `y <br /> � O`V <br />. . O \ 0 <br /> '�� � CITY of ORON� <br /> A <br /> � � °�.;... � � <br /> , ti <br /> �',� G'�' RESOLUTION OF THE CITY COUNCIL <br /> L�kES�1�4� . . NO. � � � � <br /> A RESOL-LTTION DECLARING COST TO BE ASSESSED AND <br /> ORDERING PREPARATION OF PROPOSED ASSESSMENT <br /> FOR NORTH ARM LANE PAVING <br /> WHEREAS, costs have been determined for the improvement of North Arm Lane paving <br /> and the estimated contract price for such improvement is$19,548 and the expenses incurred or to be incurred <br /> in the making of such improvement amount to $6,152 so that the total estimated cost of the improvement <br /> will be $25,700. <br /> NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF ORONO, <br /> MINNESOTA: <br /> 1. The total cost to be assessed against benefitted property owners is declared to be <br /> $16,800. <br /> � 2. Assessments shall be payable in equal annual installments extending over a period <br /> • of 10 years, the first of the installments to be payable on or before the first Monday <br /> in January 2004, 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 <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 Ciry Council of the City of Orono,Minnesota at a regular meeting held February 24, <br /> 2003 <br /> ATTEST: <br /> ; <br /> � <br /> � Linda S. Vee, City Clerk Barbara A. Peterson, Mayar <br /> Page 1 of 1 <br />