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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION 06 71 <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION DETERMINING ASSESSED COST OF <br />IMPROVEMENT AND ORDERING PREPARATION OF <br />PROPOSED ASSESSMENT ROLL IN THE MATTER OF THE BITUMINOUS OVERLAY <br />AMENDMENT IMPROVEMENT OF 2006 <br /> <br />WHEREAS costs have been detennined for the 2006 Bituminous Overlay Amendment improvement <br />consisting of a contract price of $170,550, and expenses incurred or to be incurred by the <br />City in the making of the improvement in the amount of $24,150, for a total cost of the <br />improvement of $194,150. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, :Minnesota: <br /> <br />1. <br /> <br />Based upon the City Assessment Policies, it is detennined that the portion of this improvement to be <br />paid by the City and not assessed to benefited properties is $-0-. <br />The portion of the cost to be assessed against benefited properties pursuant to the Elk River City <br />Assessment Policies shall be $194,700. <br />The assessments shall be payable in equal annual installments and shall extend over a period of five <br />years, the fmt of the installments to be payable on or before the first Monday in January, 2007, with <br />interest at the rate of 5.50% per annum from the date of the adoption of the assessment resolution. <br />The City Administrator with the assistance of the Project Engineer shall forthwith calculate the <br />proper amount to be specially assessed for such improvement against every assessable lot, piece, or <br />parcel of land, without regard to cash valuation, as provided by law, and shall have available at the <br />City Administrator's office a copy of the proposed assessment roll for public inspection. <br />Upon completion of the proposed assessment roll, the City Administrator shall notify the Council <br />and schedule a public hearing upon the proposed assessment, causing notice of the hearing by <br />publication and mail to be made at least two weeks prior to the hearing. <br /> <br />2. <br /> <br />3. <br /> <br />4. <br /> <br />5. <br /> <br />Passed and adopted this 15th day of May, 2006. <br /> <br />~<~,~ <br /> <br />Stepha ., A. Klinzing, Mayo, <br /> <br />A TrEST: <br />/"; "4// j 4 <br />j' ,,/~ -< <br />/.H A/I' /(/" "It~ <br />;;"~ i . /' <br /> <br /> <br />00'.~1( <br />