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�. <br /> Jr . ��� <br /> � O� <br /> • O O . . <br /> ��e. - CITY of ORONO <br /> � � <br /> ti <br /> �'� G'ti RESOLUTION OF THE CITY COUNCIL � <br /> �9kESH04� . NO. �L�� � . <br /> RESOLUTION DECLARING COST TO BE ASSESSED AND <br /> ORDERING PREPARATION OF PROPOSED ASSESSMENT <br /> FOR FOX RIDGE AREA SANITARY SEWER <br /> WHEREAS,costs have been deteimined for the improvement of sanitary sewer in the Fox <br /> Ridge area and the estimated contract price for such improvement is $127,970 and the expenses incurred <br /> or to be incurred in the making of such improvement amount to$114,126 so that the total estimated cost of <br /> the improvement will be $242,430. <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$231,000. <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, 2001, and shall bear interest at the rate of 8 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 12, <br /> 2000. <br /> � <br /> Gabn 1 Jabbour,Mayor <br /> ATTEST: ` <br /> �cG� • � <br /> • Linda S. Vee, City Clerk <br />