01-20CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2001-20
RESOLUTION DECLARING COST TO BE ASSESSED,
AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT
WHEREAS, a contract has been let (costs to be determined) for the Sanitary
Sewer, Water and Street Improvement of 88v' Street between center line of CSAH
42 and Quaday Avenue and the contract (bid) price for such improvement is
$166,800, and the expenses incurred or to be incurred in the making of such
improvement amount to $54,900 so that the total cost of the improvement will be
$221,700.
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 the City is
hereby declared to be $0.00 and the portion of the cost to be assessed
against benefited property owners is declared to be $221,700.
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, 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 (consulting
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 25th day of June 2001.
\\HaO I \Shared Docs\Municipal\AOTSEGO\339\Ot339RES3.doc 1
ATTEST:
Iails
101
IFF
G:\MunicipalWOTSEGO\339\Ot339RES3.doc
CITY OF OTSEGO
'-Mayor