01-19CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2001-19
RESOLUTION DECLARING COST TO BE ASSESSED,
AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT- ODEAN AVENUE
WHEREAS, costs have been determined for the improvement of Odean Avenue
between County Road 39 and County Road 37 Street by grading, aggregate base,
bituminous surfacing, construction of storm sewer improvements, concrete curb
and gutter, bike trails, pavement marking, sign panels, landscaping and turf
establishment. Also referred to as Minnesota State Project No. 217-105-02 (Odean
Avenue) and City of Otsego Project 98-05. The contract (bid) price for such
improvement is $L , 850 , 000 , and the expenses incurred or to be incurred in the
making of such improvement amount to $ 700, 000 • so that the total cost of the
improvement will be $ 2,550,000.00 .
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF OTSEGO, WRIGHT COUNTY, MINNESOTA:
1. The portion of the cost of such improvement to be paid by TEA21, State
Aid and local funds is hereby declared to be $�-17 , 00o. oo and the portion
of the cost to be assessed against benefited property owners is declared to
be $175, 000.00 .
2. Assessments shall be payable in equal annual installments extending over a
period of 10 years, the first of the installments to be payable on or
before the first Monday in January, 2002 (year),, and shall bear interest at
the rate of 6% 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 Clerk shall upon completion of such proposed assessment, notify the
Council thereof.
Adopted by the Otsego City Council this O�S� day of12001.
IN FAVOR: Mayor Larry Fournier, Councilmembers: Virginia Wendel,
Suzanne Ackerman, Jerry Struthers.
OPPOSED: None
CITY OF OTSEGO
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