98-055 RES RESOLUTION 98-55
A 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 BITUMINOUS OVERLAY IMPROVEMENT OF 1998
WHEREAS,
costs have been determined for the Bituminous Overlay improvement
consisting of a contract price of $273,000, and expenses incurred or to be
incurred by the City in the making of the improvement in the amount of
$27,000, for a total cost of the improvement of $300,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River,
Minnesota:
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 $ -0-.
o
The portion of the cost to be assessed against benefited properties pursuant to the
Elk River City Assessment Policies shall be $300,000.
o
The assessments shall be payable in equal annual installments and shall extend
over a period of three or five years, the first of the installments to be payable on or
before the first Monday in January, 1999, with interest at the rate of 6.5% per
annum from the date of the adoption of the assessment resolution.
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 proposed assessment roll for public inspection.
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 18 day of May, 1998.
~andra A. Thackeray, City Clerk
Duitsman, Mayor