Res 2001-24 RESOLUTION NO.24-2001
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR 5100
INDUSTRIAL BOULEVARD,IMPROVEMENT PROJECT NO. ST. 1989-1 & 2
WHEREAS, on September 10, 1990 the City Council passed Resolution 75-1990 adopting the
assessments for Street Improvement Project 1989-1 &2 and deferring the assessment for the
property now known as 5100 Industrial Boulevard; Lot 1,Block 5, Great Northern Industrial
Center;PIN#27-30-24-12-0050,
AND WHEREAS, the assessment was to be deferred until such time as development occurs and
such development has occurred,
AND WHEREAS, the deferred assessment for the Street Improvement Project No. ST. 1989-1 &2
for 5100 Industrial Boulevard has been determined to be$28,734.41 plus $8,286.32 for interest
accumulated since the adoption of the assessment so that the total cost of the improvement is
$37,020.73.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF FRIDLEY,
MINNESOTA:
The Assessment shall be payable in equal installments extending over a period of ten years, the
first of the installments to be payable on or before the first Monday in January, 2002, and shall
bear interest at the rate of 6'/2 percent per annum from the date of the adoption of the assessment
resolution.
The Finance Director shall file a copy of such proposed assessment in his office for public
inspection.
The clerk shall upon the completion of such proposed assessment, notify the Council thereof.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 7TH
DAY OF MAY 2001.
SC T feZ-Ciliu - MAYOR
ATTEST:
C 1
4,61,,s,L,
DEBRA A. SKOG N- Cl'Y CLERK