83-6753RRESOLUTION 6753
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR
CITY PROJECT 757 - RECONSTRUCTION OF
LYNDALE AVENUE, LAKE SHORE DRIVE TO 74TH STREET
WHEREAS, costs have been determined for the improvement of
Lyndale Avenue between the center line of Lake Shore Drive and the
center line of 74th Street by widening, reconstruction of pavement,
curb and gutter, sidewalk, drive aprons, street lights, and traffic
signals and the contract price for such improvement is $646,571.80,
and the expenses incurred or to be incurred in the making of such
improvement amount to $101,476.15 so that the total cost of the
improvement will be $748,047.95
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 $683,613.44, and
the portion of the cost to be assessed against benefited
property owners is declared to be $64,613.44.
2. That said assessment shall run for a period of 20 years
and include interest at a rate to be determined.
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.