HomeMy WebLinkAboutResolution 4480 �.
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�'� G'ti RESOLUTION OF THE CITY COUNCIL �
�9kESH04� . NO. �L�� � .
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT
FOR FOX RIDGE AREA SANITARY SEWER
WHEREAS,costs have been deteimined for the improvement of sanitary sewer in the Fox
Ridge area and the estimated contract price for such improvement is $127,970 and the expenses incurred
or to be incurred in the making of such improvement amount to$114,126 so that the total estimated cost of
the improvement will be $242,430.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF ORONO,
MINNESOTA: '
1. .The total cost to be assessed against benefitted property owners is declared to be$231,000.
2. Assessments shall be payable in equal annual installments extending over a period
of 15 years, the first of the installments to be payable on or before the first Monday
, . in January, 2001, and shall bear interest at the rate of 8 per cent per 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 the clerk's ofFice for
public inspection.
4. The Clerk shall upon 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 June 12,
2000.
�
Gabn 1 Jabbour,Mayor
ATTEST: `
�cG� • �
• Linda S. Vee, City Clerk
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