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RESOLUTION 08- <br />A RESOLUTION OF THE CITY OF ELK RIVER <br />A RESOLUTION DETERMINING THE AMOUNT OF REDUCTION OF THE <br />PREVIOUSLY ASSESSED 2008 BITUMINOUS OVERLAY IMPROVEMENT <br />WHEREAS, the City Council of the City of Elk River adopted resolution 08-36 and 08-51 <br />determining the cost to be assessed and ordering the preparation of the assessment <br />roll in the matter of the bituminous overlay improvement of 2008; and <br />WHEREAS, the final assessment roll contained 327 residential equivalent units assessed at $1,500 <br />per unit for a total assessment cost of $490,500; and <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 />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, <br />Minnesota; <br />The bituminous overlay improvement of 2008 shall have the total assessment reduced by <br />$32,700. <br />2. The revised assessable costs shall be redistributed over the 327 assessable units at a revised <br />rate of $1,400 per assessable unit, which is a decrease of $100 from the original assessment. <br />Passed .and adopted this 3`d day of November 2008. <br />Stephanie Klinzing, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />