Res 2000-80 RESOLUTION NO.80-2000
RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT FOR RICE CREEK PHASE 2 BANK STABILIZATION PROJECT
WHEREAS,the costs for the Rice Creek Phase 2 Bank Stabilization Project have been determined to be
$70,542.70 for the contract price for such improvement and$17,635.68 for expenses incurred in the
making of such improvement so that the total cost of the improvement is$88,178.38.
NOW THEREFORE,BE IT RESOLVED BY THE CITY COUNCIL OF FRIDLEY,MINNESOTA:
The portion of the cost of such improvement to be paid by the City is hereby declared to be $70,378.38
and the portion of the cost to be assessed against benefited property owners is declared to be$17,800.
Assessments shall be payable in equal installments extending over a period of fifteen years, the first of
the installments to be payable on or before the first Monday in January, 2001, and shall bear interest at
the rate of 6%i 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 the completion of such proposed assessment,notify the Council thereof.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 11TH DAY
OF SEPTEMBER 2000.
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C ,� O' 94E "ON-MAYOR
ATTEST:
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DEB A. SKOGEN-CITY ERK
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