Laserfiche WebLink
<br /> <br />Item # 5.1. <br /> <br />13065 Orono park.way <br />Elk River~ MN 55330 <br /> <br />September 28, 2005 <br /> <br />File: 226-035C <br /> <br />The Honorable Mayor and City Council <br />City of Elk River <br />13065 Orono Parkway <br />Elk River MN 55330 <br /> <br />RE: NORlliSTAR BUSINESS PARK <br />ASSESSMENT HEARING <br /> <br />Dear Council Members: <br /> <br />The assessment hearing for the Northstar Business Park is scheduled for Monday evening's <br />City Council meeting. As you will recall, the project cost is being assessed against the lots in <br />the Northstar Business Park which are owned by the Economic Development Authority. <br />The total cost proposed to be assessed is $947,200, which is made up of the construction bid <br />(construction is currently underway and will not be complete until next year), typical City <br />overhead costs, and other miscellaneous costs associated with developing Northstar <br />Business Park. The assessments are proposed to be spread over 10 years at 5.50/0 interest. <br /> <br />Published notice has appeared in the Elk River Star News and mailed notices were sent to <br />the President of the Economic Development Authority and Economic Development staff. <br />On Monday evening I will be prepared to make a brief presentation and answer any <br />questions the Council may have. Attached for your consideration at the close of the <br />assessment hearing is a resolution which adopts the final assessment roll for the N orthstar <br />Business Park. <br /> <br />If you have any questions before Monday evening's meeting, please call. <br /> <br />Sincerely, <br /> <br /> <br />Terry J. aurer, PE <br />City Engineer <br /> <br />Phone: 763.63;.1000 <br />Fax: 763.635.1090 <br />S:\EngineerImprovProj\2005 Improvement Projects\Northstar Business Park\09 28 05 cc memo.doc <br />W\vw. ci. elk - ri veT. mn. us <br />