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� °� . _ <br /> • o o . <br /> �b. - CITY of ORONO <br /> . � ' ti <br /> 'ti RESOLUTION OF THE CITY COUNCIL <br /> ���kESH�4�G � NO. �. G� `� � � . � � <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 ShorelinelHeritage areas and the estimated contract price for such improvement is <br /> $421;970 and the expenses incurred or to be incurred in the making of such improvement amount to <br /> $167,349 so that the total estimated cost of the improvement will be $589,319. <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 $589,319. <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 7.5 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 May 11, <br /> 1998. <br /> ������ <br /> Gabri Jabbour, Mayor <br /> ATTEST: <br /> • , �(/ _ <br /> (�1�i� <br /> Linda S. Vee, City Clerk . <br />