HomeMy WebLinkAboutResolution No. 114-14 Resolution Declaring Cost to be Assessed, and Ordering Preparation of Proposed
Assessment
WHEREAS, estimated costs have been calculated for Improvement J7283, the
reconstruct of East River Road NE from 37th Street NE to the south limit line of the Public
Works Transit Operations Center by the City Engineer and the estimated cost for such
improvement is $2,734,000.00, and the expenses incurred or to be incurred in the making
Of such improvements arnount to $820,000.00 so that the total cost of the improvement
will be $3,554,200.00.
NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of
Rochester, Minnesota:
1. The portion of the cost of such improvement to be paid by the city is hereby declared
to be $2,945,545.16 and the portion of the cost to be assessed against benefited property
owners is declared to be $608,654.84,
2. Assessments shall be payable in equal annual installments extending over a period of
ten (10) years, the first of the installments to be payable on or before the first Monday in
January, 2015, and shall bear interest at the rate of 5.75 percent per annum from the
date of the adoption of the assessment resolution.
3. 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 cash valuation, as
provided by law, and he shall file a copy of such proposed assessment in his office for
public inspection.
4. The clerk shall upon the completion of such proposed assessment, notify the council
thereof.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS 7tn DAY OF APRIL, 2014.
PRESIDENT dF SAID COMMON COUNCIL
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CITY CLERK
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APPROVED THIS 8T" DAY OF APRIL, 2014.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
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