83-6754RRESOLUTION 5754
RESOLUTION DECLARING COST TO BE ASSESSED AND
ORDERING PREPARATION OF PFZOPOSED ASSESSMENT FOR
CITY PROJECT 772 - SIDEWALK CONSTRUCTION
WHEREAS, cost has been determined for the improvement of the
following streets by construction of concrete sidewalk:
On Side
75th Street North
76th Street South
Lynd ale Avenue Both
Lake Shore Drive Both
65th Street South
Nico llet Avenue Both
Port land Avenue West
77th Street South
12th Avenue West
77th Street South
From
Penn Avenue
Lyndale Avenue
62nd Street
Lyndale Avenue
Lyndale. Avenue
77th Street
77th Street
E11iot.Avenue
76th Street
12th Avenue
To
Logan Avenue
James Avenue
64th Street
66th Street
Pleasant Avenue
I-494
I-494
Chicago Avenue
I-494
13th Avenue
And the contract price for such improvement is $105,986.11, and
the expenses incurred or to be incurred in the making of such
improvement amount to $25,436.67 so that the total cost of the
improvement will be $131,422.78.
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 $88,354.48 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 $43,068.30.
2. That said assessment shall run for a .period of 5 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.