06-68CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2006-68
RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of Quaday Avenue
between 78`" Street and County Road 37 within Otsego and the expenses incurred by the
City in making such improvement amount to $1,623,788.40 so that the total cost of the
improvement will be $2,153,788.40.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF OTSEGO, MINNESOTA:
1. The portion of the improvement to be paid by the city is hereby declared to be
$1,623,788.40 and the portion of the cost to be assessed against benefited
property owners is declared to be $614,991.30.
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, 2007 and shall bear interest at the rate of 6 per cent per
annum from the date of adoption of the assessment resolution.
3. The City Clerk and 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 area affected, without regard to cash valuation, as
provided by law, and they shall file a copy of such proposed assessment in the
office of the City Clerk for public inspection.
4. The clerk shall upon completion of such proposed assessment, notify the City
Council.
ADOPTED by the Otsego City Council this 11d' day of September, 2006.
IN FAVOR: Mayor Larry Fournier; Councilmembers: Vern Heidner,
Dan Scharber, Jessica. Stockamp and Mark Thorsted
OPPOSED: NONE
CITY OF OTSEGO
4Fo#eer, ayor de
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