2011-019 Cost to be Assessed and Order Prep of Proposed AssessmentsCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2011-019
RESOLUTION. DECLARING COST TO BE ASSESSED, AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of 14th, 15th, and 16th Avenues
North between 2 Street North and South Service Drive; 3rd and 4th Streets North and South
Service Drive between 12th and 17th Avenues North; and North Service Drive between 12th Ave-
nue North and Oak Ridge Road„ and the bid price for such improvement is $1,834,714.35, and
the expenses incurred or to be incurred in the making of such improvement amount to
$573,285.65 so that the total cost of the improvement will be $2,408,000.00.
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 $1,438,620.90 and the portion of the cost to be assessed against benefited property
owners is declared to be $969,379.10.
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,
2012, and shall bear interest at the rate of 5 percent per annum from the date of the adop-
tion of the assessment resolution.
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 19th day of April, 2011.
Eugq0J. M ell, Mayor
iolrah L. Sperling,City Cle
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