Res 1997-74 eel..
RESOLUTION NO. 74 - 1997
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT
FOR LOCKE LAKE EXCAVATION PROJECT NO. 255
WHEREAS, the city engineer has been directed to proceed with the
Locke Lake Excavation Project No. 255 and the cost thereof has been
determined to be $51, 469 of which the City will pay $0 as its share
of the cost.
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 $51, 469 and the portion of the cost to be
assessed against benefited property owners is declared to be $51, 469.
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, 1998, and shall bear interest
at the rate of 6 11 percent per annum from the date of the adoption of
the assessment resolution.
The City Clerk, 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
22ND DAY OF SEPTEMBER, 1997.
4,-. , ' . ,
Xi, I CY /.I OR N / - MAYOR
ATTEST:
t ' Ctiw. a . Gt_
WILLIAM A. CHAMPA - CIT CLERK
IZ