Res 2002-55 RESOLUTION NO. 55-2002
RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT FOR THE VARICHAK UTILITY
PROJECT NO.342
WHEREAS, the costs for the Varichak Utility Project No. 342 have been determined to be
$21,570 for the contract price for such improvement and $1,725.60 for expenses incurred in the
making of such improvement so the total cost of the improvement is$23,295.60.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF FRIDLEY,
MINNESOTA:
The portion of the cost of such improvement paid by the Developer, Stephen Varichak is hereby
declared to be $12,145 and the portion of the cost to be assessed against benefited property
owners is declared to be $11,150.60.
Assessments shall be payable in equal installments extending over a period of 15 years, the first
of the installments to be payable on or before the first Monday in January, 2003 and shall bear
interest at the rate of 6 '/z percent per annum from the date of the adoption of the assessment
resolution.
The Finance Director, with the assistance of the City Engineer, shall forthwith calculate the
proper amount to be specially assessed for such improvement against every assessable lot, piece
or parcel of land within the district affected, without regard to cash valuation, as provided by
law, and he shall file a copy of such proposed assessment in his office for public inspection.
The clerk shall upon completion of such proposed assessment,notify the Council thereof.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 23RD
DAY OF SEPTEMBER,2002.
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T J. L i I -MAYOR
ATTEST:
1414 t
DE:RA A. SKOGEN-C 1" CLERK