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��°� <br /> � o 0 <br /> b. � CITY of ORONO <br /> ,� � <br /> ��� �G'�' � RESOLUTION OF THE CITY COUNCIL <br /> 9kESH�g' NO. 3110 <br /> A RESOLOTION DECLARING COST TO BE ASSESSED AND <br /> ORDERING PREPARATION OF PROPOSED ASSES�MENT <br /> WHEREAS, a contract has been let for the improvement of <br /> sanitary sewer in the Stubbs Bay area and the contract price for <br /> such improvement is $1 ,53�1,742.�IPJ and the expenses incurred or to <br /> be incurred in the making of such improvement amount to <br /> $567,6�14J.0P! so that the total cost of the improvement will be <br /> $2,098,342. ��1. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COQNCIL OF <br /> ORONO, MINNESOTA: <br /> 1 . The portion of the cost of such improvement to be paid <br /> - by the city is hereby declared to be $629,5PJ2.�01, and <br /> the portion of the cost to be assessed against benefited <br /> � property owners is declared . to be $1 ,468,8441.001. <br /> 2. Assessments shall be payable in equal annual <br /> installments extending over a period of 15 years, the <br /> first of the installments to be payable on or before the <br /> first Monday in January 1993, and shall bear interest at <br /> the rate of 8 per cent per annum from the date of the <br /> adoption of the assessment resolution. <br /> 3. � The city clerk, with the assistance of the city engineer <br /> shall forthwith calculate the proper amount to be <br /> specially assessed for such improvement against every <br /> assessable lot, piece or parcel of land within the <br /> district affected, without regard to cash valuation, as <br /> provided by law, and shall file a copy of such proposed <br /> assessment in the clerk's office for public inspection. <br /> 4. The clerk shall upon the completion of such proposed <br /> assessment, notify the council thereof. � <br /> Adopted by the City Council of the City of Orono, <br /> Minnesota at a regular meeting held April 13, 1992. <br /> ' � <br /> • ATT�fST: Barbara A. Peterson, Mayor <br /> . , <br /> � ��` , r . <br /> ot y M allin, City Clerk <br />