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84-6914R48 RESOLUTION N0.6914 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR CITY PROJECT N0. 7$2 - SIDEWALK CONSTRUCTION WHEREAS, cost has been determined for the improvement of the following streets by construction of concrete sidewalk: On Side From To Lyndale Ave. West 74th Street 76th Street 65th Street North Penn Avenue Russell Avenue 65th Street South Upton Avenue Xerxes Avenue Xerxes Ave. East 62nd Street 65th Street Rae Drive West 65th Street 66th Street Vincent Ave. East 65th Street 350' south 78th Street North 12th Avenue 250' west 78th Street North i2th Avenue 13th Avenue 78th Street North 14th Avenue Cedar Avenue Bloomington A East 75th Street 76th Street 77th Street South Nicollet Avenue 130' west 76th Street South Xerxes Avenue Sheridan Avenue And the contract price for such improvement is $137,321.29 and the expenses incurred or to be incurred in the making of such improvement amount to $28,837.47 so that the total cost of the improvement will be $166,158.76. NOW, THEREFORE, BE IT RESOLVED by the City Council of Richfield, Minnesota: 1. The portion of the cost of such improvement to be paid by the city is hereby declared to be $130,614.80 and the portion of the cost to be assessed against benefited property owners is at least 20 percent of the total cost and is declared to be $35:543.96• 2. That said assessment shall run for a period cf five years and include interest at the rate determined at bond sale. 3. The city clerk and 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 inspection. 4. The clerk shall upon the completion of such proposed assessment, notify the council thereof. Adopted by the City Council o ~ ~he C;~~f Richfield, Minnesota this 13th day of August 984: , on, Mayor ATTEST: ylv ~ K . r3erg City