Loading...
2014-043 Declaring Cost t be Assessed and Ordering Preparation of Proposed AssessmentCITY OF HOPKINS HENNEPIN COUNTY, MINNESOTA RESOLUTION 2014-043 RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING PREPARATION OF PROPOSED ASSESSMENT WHEREAS, costs have been determined for the improvement of water services along Farmdale Road West, Wayside Road West, and Althea Lane, and the expenses incurred in the making of such improvement amount to $14,410.72. NOW, THEREFORE, BE IT RESOLVED by the City Council of Hopkins, Minnesota, that: 1. The portion of the cost of such improvement to be paid by the city is hereby declared to be $7,205.36 and the portion of the cost to be assessed against benefited property owners is declared to be $7,205.36. 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, 2015, and shall bear interest at the rate 2 percentage points above the true interest cost of the bonds sold for this project per annum from July 10, 2014. 3. The city clerk, with the assistance of 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 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 in- spection. 4. The clerk shall upon the completion of such proposed assessment, notify the council thereof. Adopted by the City Council this 19th day of August, 2014. akw" Amy Domeier, City Clerk Eugene J. axwell, Mayor