93-054 RES
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RESOLUTION 93 - --2il
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION DETERMINING ASSESSED COST OF
IMPROVEMENT AND ORDERING PREP ARA TION OF
PROPOSED ASSESSMENT ROLL IN THE MATTER OF
HERITAGE LANDING IMPROVEMENT OF 1993
WHEREAS costs have been determined for the Heritage Landing improvement consisting of a contract
price of $507,760 and expenses incurred or to be incurred by the City in the making of
the improvement in the amount of $142,173 for a total cost of the improvement of
$649,933.
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 $ -0-.
2. The portion of the cost to be assessed against benefitted properties pursuant to the Elk River City
Assessment Policies shall be $649,933.
3.
The assessments shall be payable in equal annual installments and shall extend over a period of
three years, the first of the installments to be payable on or before the first Monday in January,
1995, with interest at the rate of 5.75% 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 27th day of September, 1993.
ATTEST:
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John Dietz, Vice Mayor
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Sandra A. Thackeray, City Clerk
159-2310.sep