2025-017 Resolution Declaring Cost to be Assessed, and Ordering Preparation of Proposed Assessment Central Avenues Street & Utility Improvements City Project 2024-10CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2025-017
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT
CENTRAL AVENUES STREET AND UTILITY IMPROVEMENTS
CITY PROJECT 2024-10
WHEREAS, costs have been determined for the improvements along 9th Avenue N from
1 st Street N to V Street N, 10th Avenue N from 1 st Street N to 4th Street N, 11 th Avenue N
from 1 st Street N to Minnetonka Mills Road, 12th Avenue N from 1 st Street N to Minnetonka
Mills Road, 13th Avenue N from the regional trail N to Minnetonka Mills Road, 2nd Street
N from 8th Avenue N to 12th Avenue N, V Street N from 9th Avenue N to 15th Avenue N,
and 4th Street N from 9th Avenue N to 10th Avenue N and 11th Avenue N to 12th Avenue
N; including pavement, curbing, sidewalk, signage, drainage, water and sanitary sewer
improvements and all necessary appurtenances, and the bid price for such improvement
is $11,479,980.92, and the expenses incurred or to be incurred in the making of such
improvement including soft costs amount to $3,451,509.08 so the total cost of the
improvement will be $14,931,490.
NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Hopkins
1. The portion of the cost of such improvement to paid by the City is hereby declared
to be $12,975,394, the portion of the cost to be assessed again benefitted property
owners is declared to be $1,954,096.
2. Assessments shall be payable in equal annual installments extending over a
period of 15 years, the first of the installments to be payable on or after the first
Monday in January, 2026, and shall bear interest at the rate 2 percentage points
above the true interest cost of the bonds sold for the project.
3. The city clerk, with the assistance of the city engineer, shall forthwith calculate the
proper amount to be specially assessed for such improvement again every
assessable lot, piece, or parcel of land within the district affected, without regard
to cash valuation, as provided by law, and she shall file a copy of such proposed
assessment in her office for public inspection.
4. The clerk shall upon the completion of such proposed assessment, notify the
council thereof.
Adopted by the City Council of the City of Hopkins this 18th day of March, 2025
By:
Patrick Hanlon, Mayor
ATTEST: f n
Amy Domeier, City Clerk