98-059 RESRESOLUTION 98- 59
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 LAKE ORONO SEDIMENT REMOVAL IMPROVEMENT OF 1998
costs have been determined for the Lake 0rono Sediment Removal
improvement consisting of a contract price of $469,962,00 and
expenses incurred or to be incurred by the City in the making of the
improvement in the amount of $131,600.00 for a total cost of the
improvement of $601,562.00.
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
$185,762.00.
The portion of the cost to be assessed against benefited properties pursuant to
the Elk River City Assessment Policies shall be $415,800.
The assessments shall be payable in equal annual installments and shall extend
over a period of five or seven 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
percent per annum from the date of 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 1 day of June, 1998.
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