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1971-4612r'J ~.Y RESOLUTION NO. 4612 RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL FOR CITY PROJECT NO. 600 WHEREAS, the following construction was perforaned during the year 1970: Storan sewer construction on East 74th Street, 18th Avenue to Bloomington Avenue WHEREAS, city share of costs have been paid in the sum of $13,975.21 NOW THEREFORE, BE IT RESOLVED by the city council of the City of Richfield as follows : 1. That the cost of storm sewer construction in the .above described area to be specially assessed is hereby declared to be at least 20% of total cost or $ 3,974.92 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 6% per annum. 3. The city clerk shall forthwith calculate the proper amount to be assessed for such improvement against every assessable lot, piece or parcel of land 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 notify the council upon completion of such proposed assessment. Passed by the city council of the City of Richfield this 9th day of August, 1971. ~' tanley W. Olson Mayor ATTEST: ~.~-~ Thomas J. Mgr City Clerk