82-6566R93
RESOLUTION NO. 6.566
RESOLUTION DECLARING COSTS. TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED
ASSESSMENT ROLL FOR C.P. 761
WHEREAS the following construction has been performed during 1981:
Street lighting on the following streets:
Penn Avenue South from C.S.A.H. 62 to I-494;
Nicollet Avenue South from C.S.A.H. 62 to 64th Street, and
from 67th Street to I-494;
_ Portland Avenue South from C.S.A.H. 62 to I-494
Miscellaneous
AND WHEREAS costs have been determined for these improvements
and the contract .price for such improvement is $235,174.75.
and the expenses incurred or to be incurred in the making of such
improvement amount to $35,276.21, so that the. total .cost of the
improvement is $ 270,450.96.
WHEREAS, the City share of costs has been or will be in the
sum of $17T, 756.92
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Richfield, Minnesota as follows:
1. That the-cost of street lighting construction in the
above described areas to be specially assessed is hereby
declared to be at least 20 percent of the total cost,
and. is presently estimated to be approximately S92,694.04,
and therefore this sum will be assessed against
privately owned property benefited thereby.
2. That said assessment shall run for a period of 20 years
and include interest at the rate of
to be determined at bond sale.
3. The city clerk shall forthwith calculate the proper
amount to be assessed for such improvements against every
assessable. lot, piece or parcel of land affected without
regard to cash valuation, as provided by law, and shall
file a copy of such proposed assessment in the office
of city clerk for public inspection.
4. The clerk shall notlf}~ the council upon completion of
such proposed assessment.
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Passed by the City Council of the City of Richfield, Minnesota
this 25th day of January , 1982 . j/~" __
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ATTEST:
yl a K. Berg City erk'
ilton, Mayor