93-044 RES
.
RESOLUTION 93 - M
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION DEtERMINING ASSESSED COST OF
IMPROVEMENT AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL IN THE MAlTER OF
FRESNO STREET AND DRAINAGE IMPROVEMENT OF 1993
WHEREAS costs have been determined for the Fresno Street and Drainage Improvement
consisting of a contract price of $93,952 and expenses incurred or to be incurred
by the City in the making of the improvement in the amount of $ 26,307 for a
total cost of the improvement of $120,259.
NOW, THEREFORE, BE IT RESOLVED by the City Council for the City of Elk River,
Minnesota:
1. 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
$55,411.30
2. The portion of the cost to be assessed against benefitted properties pursuant to the Elk
River City Assessment .Policies shall be $64,847.70.
.
3.
The assessments shall be payable in equal annual installments and shall extend over a
period of five years, the first of the installments to be payable on or before the first
Monday in January, 1995, with interest at the rate of 6.5% per annum from the date of
the adoption of the assessment resolution.
4. 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.
5. 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.
Passed and adopted this 7th day of September, 1993.
. A~tf~ .
~;:; A. Thackeray ~
rea-230.1S9