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82-007 RES RESOLUTION 82-7 S A RESOLUTION DETERMINING THE AMOUNTS TO BE ASSESSED AGAINST BENEFITING PROPERTIES IN THE PETERSON ADDITION AND TO BE PAID BY THE CITY OF ELK RIVER WHEREAS, M.S. 429.061 requires a certain specified procedure in order to assess properties for benefit derived as a result of improvement projects within the City of Elk River; and, WHEREAS, M.S. 429.061 requires that the City Council determine by resolution the amount of the total project expense which the City of Elk River will pay and the amount which will be assessed to the benefited property owners. NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Elk River that of the total project expense of $200,831.55, $136,765.17 be assessed to those individuals benefiting from improvements in and adjacent to the Peterson Addition and that $64,066.39 be paid by the City of Elk River. Passed and adopted this 3rd day of May, 1982. Richard Hinkle Mayor ATTEST: Robert C. Middaugh ' City Administrator