91-014 RES
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RESOLUTION 91 - 14
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 FILLMORE STREET IMPROVEMENT OF 1991
WHEREAS, costs have been determined for the Fillmore Street
improvement consisting of a contract price of $179,400
and expenses incurred or to be incurred by the City in
the making of the improvement in the amount of $50,200
for a total cost of the improvement of $229,600.
NOW, THEREFORE, BE IT RESOLVED by the City Council of 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 $139,700.
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The portion of the cost to be assessed against
benefitted properties pursuant to the Elk River
City Assessment Policies shall be $74,000.
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3. The assessments shall be payable in equal, annual
installments included and coinciding with real
estate tax payments and shall extend over a
period of 5 or 10 years. The first of the
installments will be included on your 1992 tax
statement unless prepaid with interest at the
rate of 8% per annum starting November 1, 1991.
4. The City Administrator, with the assistance of
the Project Engineer, shall forthwith calculate
the proper amount to be specifically 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 at 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.
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Passed and adopted by the City Council of the City of Elk River
this 4th day of March, 1991.
ATTEST:
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Gene Schuldt, Vice Mayor t