78-052 - Laserfiche WebLink

Home Browse Search

.. , , , sewer construction and drainage facilities in the Karth Lake Estates and Karth Lake Hills area plat. The area is generally located between Hamline Avenue on the west, and Lexington on the east, and south of state Trunk Highway 96, and north of Control Data. MAYOR CREPEAU: Mr. Popovich, will you explain the financing. MR. POPOVICH: This project, when originally heard, had an estimated cost of $1,070,000. The final cost on the improvement as it was constructed is $777,843.75. The project will be assessed at $1,508.00 per unit for sanitary sewer, $1,l87.00 per unit for watermain, $2,760.00 for the street portion, and the sanitary sewer area cost which will affect 11.8 acres is $620.00 per acre. The assessments will come out to $5,455.00 per lot with approximately $160.00 more for that portion that carries the area charge for the sanitary sewer at the $620.00 divided worked out per area so it will approximate $5,615.00. The assessments will be over a 20 year period of time at an 8% carryinq charge with the usual right of prepayment in the next 30 days or at the end of each year in any year thereafter if it' s not paid wi thin the next 30 day period of time. The Mayor announced that the meeting was open for the con- sideration of objections, if any, to said proposed assessment. All persons present were then given the opportunity to present oral objections, and all written objeotions theretofore filed with the City Clerk Administrator were presented and considered, and all such objections were tabulated as follows: There were no written communications. MR. MARCEL ElBENSTEINER, owner of the 1<arth Lake project: Purchased the back half of several pieces of property, and asked if the owners who have their homes on the front portion of the property would be assessed. Mr. Christoffersen replied that there were no assessments on the front portions of the lots abutting on Hamline Avenue. 14RS. ELEANOR HARTMARK, 1280 west Hiqhway 96: Asked if their property would receive the street improvement. Mr. Christoffersen replied that there would be no street assessment, but there would be a water and sewer assessment. Mrs. Hartmark said that they have a lot to the south, and Mr. Christoffersen answered that that was part of the development that the Hart- marks had worked out wi th the developer and that is reduced for water and sewer and street.