97-054 RESRESOLUTION 97 - 5 4
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION DETERMINING ASSESSED COST OF
IMPROVEMENT AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL IN THE MATTER OF
MACON STREET AND RIVERVIEW DRIVE IMPROVEMENT OF 1997
WHEREAS
costs have been determined for the Macon Street and Riverview Drive
improvement consisting of a contract price of $280,000 and eXpenses incurred or
to be incurred by the City in the making of the improvement in the amount of
$92,400 for a total cost of the improvement of $372,400.
NOW, THEREFORE, BE IT RESOLVED by the City Council for the City of Elk River,
Minnesota:
Based upon the City Assessment Policies, it is determined that the portion of this
improvement to be paid by the City and not assessed to benefitted properties is $ -0-.
The portion of the cost to be assessed against benefitted properties pursuant to the Elk
River City Assessment Policies shall be $372,400.
The assessments shall be payable in equal annual installments including and coinciding
with real estate tax payments and shall extend over a period of five or ten years. The first
of the installments will be included on your 1998 tax statement unless prepaid with interest
at the rate of 8% per annum starting December 1, 1997.
The City Administrator with the assistance of the Project Engineer shall forthwith calculate
the proper amount to be specially assessed for such improvement against every assessable
lot, piece, or parcel of land, without regard to cash valuation, as provided by law, and
shall have available to the City Administrator's office a copy of the proposed assessment
roll for public inspection.
Upon completion of the proposed assessment roll, the City Administrator shall notify the
Council and schedule a public hearing upon the proposed assessment, causing notice of the
hearing by publication and mail to be made at least two weeks prior to the hearing.
ATTEST:
~andra A. Thackeray, City Clerl~/
Passed and adopted this 30th day of June, 1997.
f/l-t[I~A. Duitsman, Mayor
230/365-3002.jun