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<br />RESOLUTION 06-_ <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION DETERMINING THE AMOUNT OF REDUCTION OF THE PREVIOUSLY <br />ASSESSED 2006 BITUMINOUS OVERLAY IMPROVEMENT <br /> <br />WHEREAS the City Council of the City of Elk River adopted resolution 06-56 and 06-71 determining <br />the cost to be assessed and ordering the preparation of the assessment roll in the matter of <br />the bituminous overlay improvement of 2006; and <br /> <br />WHEREAS the final assessment roll contained 391 residential equivalent units assessed at $2,150 per unit <br />for a total assessment cost of $840,650; and <br /> <br />WHEREAS the project is now complete and the final construction and overhead costs have been <br />computed at less than the total amount previously assessed. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota: <br /> <br />1. The bituminous overlay improvement of 2006 shall have the total assessment reduced by $136,850. <br /> <br />2. The revised assessable costs shall be redistributed over the 391 assessable units at a revised rate of <br />$1,800 per assessable unit, which is a decrease of $350 from the original assessment. <br /> <br />Passed and adopted this 4th day of December 4, 2006. <br /> <br />Stephanie A. Klinzing, Mayor <br /> <br />ATTEST: <br /> <br />Joan M. Schmidt, City Clerk <br /> <br />S:\Engineer\Resolutions\Bituminous Overlay Reassessment Resolution.doc <br />