HomeMy WebLinkAbout2015-017 ---ARZElN�HILLS
CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION NO. 2015-017
A RESOLUTION DECLARING COST TO BE ASSESSED,AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT FOR THE 2015 PAVEMENT
MANAGEMENT PROGRAM—GRANT/NOBLE/LAKE LANE NEIGHBORHOOD
WHEREAS, a bid has been let for the City of Arden Hills 2015 Pavement
Management Program—Grant/Noble/Lake Lane Neighborhood:
And the contract price for such improvement is $1,113,137.49 and the expenses incurred or
to be incurred in the making of such improvement amount to $379,988.87 so that the total
cost of the improvement will be $1,493,126.36.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
ARDEN HILLS, MINNESOTA:
1. The portion of the cost of such improvement to be paid by the city is hereby
declared to be $1,042,517.69 and the portion of the cost to be assessed against
benefited property owners is declared to be $450,608.67.
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, 2016, and shall bear interest at the rate of 4.30 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 City Clerk shall, upon the completion of such proposed assessment, notify the
council thereof.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS
THIS 30th DAY OF MARCH,2015. "1
David Grant, Mayor
ATTEST:
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Amy Dietl, City Merk