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87-059 RES RESOLUTION 87- 59 A RESOLUTION OF THE CITY OF ELK RIVER . A RESOLUTION DETERMINING THE ASSESSED COST OF IMPROVEMENT AND ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL IN THE MATTER OF THE IMPROVEMENTS ON 2l8TH AVENUE WHEREAS, costs have been determined for the 2l8th Avenue Improvement consisting of $2,8~0 for Gravel improvements. NOW, THEREFORE, BE IT RESOLVED by the City Council in the City of Elk River, Minnesota: 1. Based upon the assessment policy it is determined that the portion of this improvement to be paid by the City and not assessed to the benefit properties is $~. . 2. The portion of the cost to be assessed against benefitted properties pursuant to the Elk River City Assessment Policies shall be $2,8~~. 3. The assessment 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, 1989 with interest at the rate of 8% per annum beginning December 31, 1987. 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 role for public inspection. 5. Upon completion of the proposed assessment role, the City Administrtor shall notify the Council and schedule a public hearing upon the proposed assessment causing notice of the public hearing by publication at least two weeks prior to the hearing. Passed and adopted this 5th day of October, 1987. ):> c!~~)~ # ( Al-h~V . /'~vL4.? /t Mayor Gunkel, Mayor . ATTEST: ~d j)~+r- Patrick D. Klaers, City Administrator