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01-035 RES RESOLUTION 01- _:3.5 A RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION ESTABLISHING THE ASSESSMENT RATE FOR STREET RECONSTRUCTION IMPROVEMENT PROJECTS WHEREAS, the City has adopted a revised assessment manual on March 6, 1989, which requires assessment rates for street reconstruction improvements be established by resolution; and WHEREAS, the City last increased the assessment rates over four years ago; and WHEREAS, the assessment rates have been determined to need to be increased to offset dses in construction costs; NOW, THEREFORE, BE IT RESOLVED by the Elk River City Council of the City of Elk River, Minnesota: The street assessment rate for residentially zoned property shall be $42.00 per assessable front foot and commercial, industrial, and all other zonings shall be $48.00 per assessable front foot. Passed and adopted this 4th day of June, 2001. A'I-rEST: Sandra A. Peine, City Clerk Steph~l~ie A. Klinzing, Ma~_.~___~ / O:~PROJ~3000OM~0325~r 05-25-01 Council.doc