01-010 RESRESOLUTION 01 - 10
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
DOWNTOWN SIDEWALK REPLACEMENT IMPROVEMENT OF 2001
WHEREAS
costs have been determined for the Downtown Sidewalk Replacement
improvement consisting of a contract price of $263,700.00 and expenses
incurred or to be incurred by the City in the making of the improvement in
the amount of $26,400.00 for a total cost of the improvement of
$290,100.00.
NOW, THEREFORE, BE IT RESOLVED by the City Council for 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
$231,600.00.
The portion of the cost to be assessed against benefited properties pursuant to
the Elk River City Assessment Policies shall be $58,500.00.
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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, 2002, with interest at the rate of 6.50% 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 to 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 26th day of February, 2001.
~Sandra A. Peine, City Clerk
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