HomeMy WebLinkAboutResolution 4078 � °� . _
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�b. - CITY of ORONO
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'ti RESOLUTION OF THE CITY COUNCIL
���kESH�4�G � NO. �. G� `� � � . � �
A RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of sanitary sewer in the
Edgewood Hills and ShorelinelHeritage areas and the estimated contract price for such improvement is
$421;970 and the expenses incurred or to be incurred in the making of such improvement amount to
$167,349 so that the total estimated cost of the improvement will be $589,319.
NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF ORONO,
MINNESOTA:
1. The total cost to be assessed against benefited property owners is declared to be $589,319.
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, 1999, and shall bear interest at the rate of 7.5 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 May 11,
1998.
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Gabri Jabbour, Mayor
ATTEST:
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Linda S. Vee, City Clerk .