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<br /> <br />111&O".Strm, ~ !M!NSJ038 <br />6S1-4Z9-J2J2 or"'~ 6S1-429-86Z9 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br /> <br />RESOL1J11ON ##07-8 <br />- <br /> <br />A RESOLUTION CONFIRMING SPECIAL ASSESSMENT ON <br />IMPROVEMENTS TO F'AIRVIEW STREET <br /> <br />WHEREAS, the City of Centerville entered into special assessment agreements with <br />property owners requesting to improvement ofpatt ofFairview Street, and <br /> <br />WHEREAS, such assessment agreements provided a cost share to each property owner, <br />based upon the engineer's estimate of construction cost of $217,441 and total project cost <br />of$282,673, and <br /> <br />WHEREAS, the improvement was ordered by action of the Council and plans drawn by <br />the City Engineer and plans approved by the Council, and <br /> <br />WHEREAS, a contract was let for construction of the project in accordance with such <br />plans, and <br /> <br />WHEREAS, ~e project was subsequently completed with actual project costs being <br />almost exactly at the estimate provided by the Engineer. <br /> <br />NOW THEREFORE, BE rr RESOLVED BY THE CITY COUNCIL OF' <br />CENTERVILLE. MINNESOTA, <br /> <br />1. The City Council hereby determines that the total construction cost is <br />$215,724, total project cost is $282,673 and that cost to assess sball be the <br />amount contained in the assessment agreements attached hereto. <br />2. The special assessment principal sball be payable in equal installments <br />over (10) ten years, plus six and one-half percent (6.5%) interest on the <br />unpaid balance. Interest shall begin accruing on September 1, 2001, <br />howeVer any property owner may prepay without interest charge on any <br />amount paid prior to November 15, 2007. Each installment of the special <br />assessment principal and interest wiD be certified to the county and <br />beco., due and payable on the same schedule as the property taxes. for <br />the Subject Property beginning in 2008. Default by failure to pay any <br />amount ot an installment or interest when due shaD cause the balance of <br /> <br />3Ji <br />