90-029 RES
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RESOLUTION 90 - ~
A RESOLUTION DETERMINING ASSESSED COST OF
IMPROVEMENT AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL IN THE MATTER OF
THE EVANS AVENUE IMPROVEMENT OF 1990
WHEREAS. costs have been determined for the Evans Avenue improvement consisting
of a contract price of $141,215.50 and expenses incurred or to be
incurred by the City in the making of the improvement in the amount of
$39,450.34 for a total cost of the improvement of $180,755.84.
NOW, THEREFORE, IT 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 benefited
properties is $34,905.60.
2. The portion of the cost to be assessed against benefited properties
pursuant to the Elk River City Assessment Policies shall be $145,850.24.
3. The assessments shall be payable in equal annual installments and shall
extend over a periOd of 5 or 10 years, the first of the installments to be
payable on or before the first Monday in January, 1991, with interest at
the rate of 9.00% 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 at
the City Administrator's office a copy of the pro-posed 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 6th day of August, 1997".. ~~
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