2006-034CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2006-034
RESOLUTION DECLARING COST TO BE ASSESSED, AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of 18th, 19th, and 20th, Avenues
South and 1St Street South, and the bid price for such improvement is $742,378.80, and the ex-
penses incurred or to be incurred in the making of such improvement amount to $259,832.78 so
that the total cost of the improvement will be $1,002,211.38.
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 $635,765.48 and the portion of the cost to be assessed against benefited property own-
ers is declared to be $366,445.90.
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 7 percent per annum from the date of the adop-
tion 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 he shall file a copy of such proposed assessment in his 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 2nd day of May, 2006.
Eu e axwell, Mayor
erry Cbe~iaier, City Clerk