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1993-088 City of Hopkins Hennepin County, Minnesota o Resolution No.: 93-88 Resolution For Hearing On Proposed Assessments certain Private Improvements & 1993 Miscellaneous Special Assessments WHEREAS, the engineering superintendent, has prepared an assessment roll for installation of sidewalk at 44 5th Avenue South, repair of water service at 910 Mainstreet, excavation of pond at 707 Oakridge Road, parking lot improvements at Alliant Techsystems, and 1993 Miscellaneous Special Assessments, and WHEREAS, the city clerk has notified the Council that such proposed assessments have been completed and filed in his 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 5th day of October, 1993, at the City Hall at 7:30 P.M. to pass upon such proposed assessments and at such times and place all persons owning property affected by such improvements will be given an opportunity to be heard with reference to such assessment. o 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 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. Assessments shall be payable in annual installments over the following periods at the specified interest rate: a) Sidewalk at 44 5th Ave. So. - 10 years at 8% b) Water service at 910 Mainstreet - 15 years at 8% c) Pond excavation at 707 Oakridge Rd. - 10 years at 8% d) Alliant Techsystems parking lot - 10 years at 8% e) Miscellaneous Assessments - due & payable in full in 1 year. Adopted by the City Council this 7 1993. Attest: o / / R