Res 1998-63 X0144
RESOLUTION NO. 63 - 1998
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT
FOR HACRMANN AVENUE/HACICMANN CIRCLE
IMPROVEMENT PROJECT NO. ST. 1998-1
WHEREAS, the costs for the Hackmann Avenue/Hackmann Circle
Improvement Project No. St. 1998-1 have been determined to be
$467, 491.58 for the contract price for such improvement and
$33, 639.76 for expenses incurred in the making of such
improvement so that the total cost of the improvement is
$501, 131.34.
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 $442, 377. 84 and the portion of the
cost to be assessed against benefited property owners is
declared to be $58, 753.50.
Assessments 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, 1999, and
shall bear interest at the rate of 6'-.1 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 .
44j.J. JO ENSON - MAYOR
ATTEST: ' /
-AAA,DEBRA A. SKOGE - CIT,XJ CLERK
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