01-15-2015 Council Packet - Laserfiche WebLink

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• � � �O�V� C ITY OF ORONO � RESOLUTION OF THE CITY COUNCIL �� G`� t'�kFs x o��. N O. A RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR THE GREEN TREES ROAD SANITARY SEWER EXTENSION PRO.TECT WHEREAS, estimated costs have been calculated for the Green Trees Road Sanitary Sewer Extension Project,and WHEREAS,the City of Orono has prepared the necessary feasibility study, plans and specifications, and has received bids for the proposed improvements,and WHEREAS, the estimated cost for such improvements is $100,587.50, which includes construction and soft costs. NOW THEREFORE,BE IT RESOLVED,by the City Council of Orono, Minnesota: 1. The portion of the cost of such improvement to be paid by the city is hereby declared to be $0 and the portion of the cost to be assessed against benefited property owners is declared to be $100,587.50. 2. Assessments shall be payable in equal annual installments extending over a period of 10 years with the first of the installments to be payable the first Monday in January 2015, and shall bear interest at the rate of 4.5%per the annum from the date of the adoption of the assessment resolution. 3. The City Clerk, with the assistance of the City Engineer, shall forthwith calculate the proper amount to be specially assessed for such improvement against every assessable lot, piece or parcel of land within the district affected, without regard to cash valuation, as provided by law, and shall file a copy of such proposed assessment in her office for public inspection. 4. The City Clerk shall upon the completion of such proposed assessment,notify the Council thereof. Adopted by the City Council of the City of Orono,Minnesota at a regular meeting held January 2, 2015. Approved: Lili Tod McMillan, Mayor Attest: Diane Tiegs, City Clerk