HomeMy WebLinkAbout[07a.i] Resolution Declaring costs to be assessed
Resolution 2014-013
Declaring Cost to be assessed and Ordering Preparing
of Proposed Assessments
2014 Park Terrace (STJOE 125809)
WHEREAS, a contract has been let (costs have been determined) for the improvement of the 2014
Park Terrace improvement which affects the following areas: along the north side of Minnesota
thrdth
Street (CSAH 2) between a point 400 feet west of 4 Ave NW and 3 Ave NW, along 4 Ave NW
thth
between Minnesota Street W (CSAH 2) and Birch Street W, along 5 Ave NW between 4 Ave
thnd
NW, and a point 200 feet north of Birch Street W, along Ash Street W between 5 Ave NW and 2
Ave NW, and along Old Highway 52 between Birch Street W and a point 200 feet NW of Birch
Street W.
Kuechle Underground Inc. is anticipated to be awarded the contracted based on bids received
March 26, 2014. The contract for the making of the improvements is $1,521,703.33, and the
expenses incurred or to be incurred in the making of such improvement amount to $607,639.59
so that the total cost of the improvement will be $2,129,342.92.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF ST. JOSEPH,
MINNESOTA:
1. The portion of the cost of such improvement to be paid by the city is hereby declared to be
$ 1,667,368.00 and the portion of the cost to be assessed against benefited property owners
is declared to be$ 461,975.00.
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 before the first Monday in January
2015, and shall bear interest at the rate of 5.5% percent per annum from the date of the
adoption of the assessment resolution.
3. The City Administrator, with the assistance of the City Engineer (consulting 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/she shall file a copy of such proposed
assessment in his/her office for public inspection.
4. The City Administrator shall upon the completion of such proposed assessment, notify the
council thereof.
Adopted by the council 3rdday of April 2014.
____________________________
Rick Schultz, Mayor
____________________________
Judy Weyrens, Administrator
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