03-67CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2003-67
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT- 85`h STREET EAST OF CSAH
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WHEREAS, a contract has been let for the improvements of 85`h Street east of
CSAH and the contract bid price for such improvement is $ 240,000.00, and the
expenses incurred or to be incurred in the making of such improvement amount to $
135,000.00 so that the total cost of the improvement will be $ 375,000.00.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF OTSEGO, MINNESOTA:
1. The portion of the cost of such improvement to be paid by the City is hereby
declared to be $ 0 and the portion of the cost to be assessed against benefited
property owners is declared to be $ 375,000.00.
2. Assessments shall be paid in equal annual installments extending over a
period of 7 years, the first of the installments to be payable on or before the
first Monday in January, 2004 and shall bear interest at the rate of 7 per cent
per annum from the date of adoption of the assessment resolution.
3. The City Clerk with the assistance of the City 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
shall file a file of such proposed assessment in her 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 11`h day of August, 2003.
IN FAVOR: Mayor Fournier; Councilmembers: Heidner, Wendel
Struthers and Scharber.
OPPOSED: NONE
11 H.M., Rimm. �' k, 1-'j
77T; %--,
CITY O OTSEGO
arry Fournier, Mayor
Posted: August 18, 2003
Published: EU River Star News 08-27-03
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