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RES 2004-47 - 00013319RESOLUTION NO. 2004 - 47 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR THE ALLEY PAVING PROJECT NO. ST. 2003 -3 WHEREAS, the costs for the Alley Paving Project No. ST. 2003 -3 incurred in the making of such improvement is $21,336.00. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF FRIDLEY, MINNESOTA: The portion of the cost to be assessed against benefited property owners is declared to be $21,336.00. Assessments shall be payable in equal installments extending over a period of 10 years, the first of the installments to be payable on or before the first Monday in January, 2005 and shall bear interest at the rate of 6.5 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 13TH DAY OF SEPTEMBER 2004. SCOTT T. LUND - MAYOR ATTEST: "dAq��? DEBRA A. SKOGEN ITY CLERK