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MINUTES OF THE ARDEN as REGULAR COUNCIL MEETING . Monday, August 10, 1987, 7:30 p.m. - Village Hall CALL TO ORDER . Pursuant to due call and notice thereof, Mayor Woodburn called the meeting to order at 7:30 p.m. ROLL CALL The roll being called the following members were present: Mayor Robert Woodburn, Councilmembers Nancy Hansen, Gary Peck and Jeanne Winiecki. Absent: Councilman Thomas Sather. Also Present: Planner Orlyn Miller, Engineer Barry Peters, Parks Director John Buckley, Public Works Supervisor Robert Raddatz, Clerk Administrator Patricis Morrison and Deputy Clerk Catherine Iago. APPROVE MINUTES Hoved by Hansen, seconded by Peck, that Council approve the minutes of the Regu1ar'Council meeting of July 27, 1987, as submitted. Motion carried unanimously. (4-0) BUSINESS FROM FLOOR None. RES. #87-44; ASSMT. HEARING, GLENHILL RD Council was referred to the resolution calling for a hearing on the proposed assessment of the improvement on G1enhill Road. Engineer Ba~ry Peters requested direction from Councilmembers for preparation prior to public hearing on August 31st; percentage of interest to be charged, number of years assessment carried, what percentage of costs would be assessed to property owners, and basis upon which assessment was to be made. Peters stated that Arden Hill's share of the cost of the improvement is $30,000.00; if 50% is assessed to property owners the amount to be assessed would be ~ $15,706.59. After discussion, Council concurred that 8% interest should be the rate charged for assessments; that it is common to spread the assessment payments over a ten year span and 50% of the City's assessment would be assessed to benefitted property owners. Council also determined the assessment should be prepared on a "per lot" basis, over the 5 lots benefitted, for this improvement. Moved by Hansen, seconded by Peck, that Council approve Resolution No. 87-44, CALLING FOR HEARING ON PROPOSED ASSESSMENT OF IMPROVEMENT NO. P-ST-87-1 (GLENHILL) to be held on August 31st at 7:30 p.m., at the Village Hall, and, furthermore, that the amount assessed against each parcel of land will be payable over a ten year period in equal consecutive installments, the first installment to be levied in 1987, with interest at a rate of 8% per year. Motion carried unanimously. (4-0) RES. #87-45: ASSMT. HEARING, EDGEWATER Council was referred to the resolution calling for a hearing on the proposed assessment of the impro~ement of Edsewater. . Engineer Barry Peters explained the total cost of the improvement of Edgewater would be $284,182.00 and would be 100% assessed; hearing date to be set for August 31st at 7:30 p.m. at the Village Hall. Moved by Hansen, seconded by Peck, that Council approve Resolution No. 87-45, CALLING FOR HEARING ON PROPOSED ASSESSMENT OF IMPROVEMENT NO. SS-W-P-ST-85-2 (EDGEWATER), to be held on August 31st at 7 :.30 p.m., at the Village Hall, and furthermore, that the amount of $284,182.00 will be 100% assessed to benefitted property owners and will be payable over a six year period in equal consecutive installments, the first installment to be levied in 1987, with interest at a rate of 8% per year. Motion carried unanimously.(4-0) RES. #87-46: ASSMT. HEARING. NORTHWOODS Council was referred to the resolution calling for a hearing on the proposed assessment of the improvement of Northwoods. Engineer Barry Peters explained the total cost of the improvement of Northwoods would be $339,183.00 and would be 100% assessed; hearing date to be set for August 31st at 7:30 p.m. at the Villase Hall. .