HomeMy WebLinkAboutResolution No. 169-08 Form 8
RESOLUTION
• WHEREAS, a contract has been let for the following local improvement(s):Project No. S.P. 159-080-13 (J-
9719) "Construct 50th Avenue from 51st Street N.w. to Valley High Drive N.W." and the contract price for such
improvement(s) is$1,251,094.00 and the expenses incurred or to be incurred in the making of said improvement(s)
amount to$2,251,094.00 so that the total cost of the improvement(s)will be $8,506,564.00 and of this cost the City
will pay$4,249,135.35 as its share thereof.
NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester, Minnesota:
(1)The cost of such improvements)to be specially assessed is hereby declared to be$4,257,428.65.
(2)The City Clerk with the assistance of the City Engineer shall forthwith calculate the proper amount to be
specially assessed for such improvement(s)against every assessable lot, piece or parcel of land within the district
affected,without regard to cash valuation,as provided by law. A copy of such proposed assessment shall be filed in
the office of the City Clerk for public inspection.
(3)Upon completion of such proposed assessment(s)the City Clerk shall notify the Council thereof.
(4)The City Clerk is instructed to record in the deferred assessment register the sum of N/A, to be
subsequently paid by certain of the properties benefited thereby under the following circumstances(based on senior
citizenship or development): N/A together with simple interest to accrue thereon at the rate of N/A percent per annum
for the time period from the date of the adoption of this resolution for a period of years or until said amount is paid,
whichever occurs first.
(5)The City Clerk is instructed to record in the future assessment register the sum of N/A to be subsequently
• assessed against properties benefited thereby but not presently assessed or assessable with simple interest thereon to
accrue at the rate of N/A percent per annum for a period of N/A years from the date of the adoption of this resolution
or until assessed, whichever occurs first.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF ROCHESTER,
MINNESOTA,AT A MEETING THEREOF HELD THI 7 DAY OF MA C , 008.
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: 1
CI Y CLERK
APPROVED THIS 18TH DAY OF MARCH , 2008
MAYOR OF SAID CITY
(Sea] ofthe'City of
Rochester Minnesota)
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