HomeMy WebLinkAboutResolution 3110 ��°�
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b. � CITY of ORONO
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��� �G'�' � RESOLUTION OF THE CITY COUNCIL
9kESH�g' NO. 3110
A RESOLOTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSES�MENT
WHEREAS, a contract has been let for the improvement of
sanitary sewer in the Stubbs Bay area and the contract price for
such improvement is $1 ,53�1,742.�IPJ and the expenses incurred or to
be incurred in the making of such improvement amount to
$567,6�14J.0P! so that the total cost of the improvement will be
$2,098,342. ��1.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COQNCIL OF
ORONO, MINNESOTA:
1 . The portion of the cost of such improvement to be paid
- by the city is hereby declared to be $629,5PJ2.�01, and
the portion of the cost to be assessed against benefited
� property owners is declared . to be $1 ,468,8441.001.
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 1993, 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 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 April 13, 1992.
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• ATT�fST: Barbara A. Peterson, Mayor
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ot y M allin, City Clerk