Res 1998-65 O 2 rO
H
RESOLUTION NO. 65 - 1998
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT
FOR THE RICE CREEK BANK STABILIZATION PROJECT NO. 309
WHEREAS, the costs for the Rice Creek Bank Stabilization Project
No. 309 have been determined to be $238,784.00 for the contract
price for such improvement and $7, 592.07 for expenses incurred
in the making of such improvement so that the total cost of the
improvement is $246,376.07.
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 $189, 211.27 (with the City to be
reimbursed $117, 240.50 from the Rice Creek Watershed District
and $7, 200. 00 from the Anoka Soil and Water Conservation
District)
and the portion of the cost to be assessed against benefited
property owners is declared to be $57, 164. 80.
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, 1999, and
shall bear interest at the rate of 6'- 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 call 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 28TH DAY OF SEPTEMBER, 1998.
N J. JO ENSON - MAYOR
ATTEST: 11' .t
lOjia DEBRA A. SKOGEN - CITY ¢LERK