2003-020
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2003-020
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT
2003 STREET AND UTILITY IMPROVEMENT PROJECTS .
CITY PROJECT NO. 02-10
WHEREAS, costs have been determined for the improvement of 5th Avenue between 3rd Street
South and State Trunk Highway 7 and 2nd Street North Between 5th Avenue North and 6th Avenue
North and the bid price for such improvement is $888,133.77, and the expenses incurred or to be
incurred in the making of such improvement amount to $247,033.44 so that the total cost of the
improvement will be $1,135,167.21.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Hopkins,
Minnesota, that:
1. The portion of the cost of such improvement to be paid by the city is hereby declared to
be $445,167.21 and the portion of the cost to be assessed against benefited property owners
is declared to be $690,000.
2. Assessments shall be payable in equal annual installments extending over a period of 10
years, the first of the instalhnents to be payable on or before the first Monday in January,
2004, and shall bear interest at the rate of 7 percent per annum from the date of the adoption
of the assessment resolution.
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 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 February 2003.
BY~~
Eu ne . Maxwell, Mayor
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