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2002-029 CITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 2002-29 RESOLUTION FOR HEARING ON PROPOSED ASSESSMENTS 2002 STREET AND UTILITY IMPROVEMENT PROJECT CITY PROJECT 01-10 WHEREAS, the Assistant City Engineer has prepared assessments for the 2002 Street and Utility Improvement Project, City Project 01-10, and WHEREAS, the City Clerk has notified the Council that such proposed assessments have been completed and filed in her office for public inspection. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Hopkins, Minnesota: 1. A hearing shall be held on the yth day of May, 2002, at 7:30 P.M. in the Council Chambers of the City Hall at 1010 First Street South to pass upon such proposed assessments and at such time and place all persons owning property affected by such improvements will be given the opportunity to be heard with reference to such assessment. 2. The City Clerk is hereby directed to cause a notice of hearing on the proposed assessments to be published in the official newspaper at least two weeks prior to the hearing and to mail notices to the owners of all property affected by said assessments. 3. The notice of hearing shall state the date, time, and place of the hearing, the general nature of the improvement, the area to be assessed, the total cost of each of such improvements, and that the proposed assessment roll is on file with the clerk and that written or oral objections will be considered. 4. The portion of the cost to be assessed against benefited property owners is declared to be $440,041 .81. 5. Assessments shall be payable in annual installments extending over a period of 10 years and shall bear interest at a rate of 7 per cent per annum. Adopted by the City Council of the City of Hopkins this 2nd day of April, 2002. BY~~~~