1974-5203r205
RESOLUTION N0. 5203
RESOLUTION DECLARING COSTS TO BE ASSESSED AND ORDERING
PREPARATION OF PROPOSED ASSESSMENT ROLL FOR C. P, No. 615
WHEREAS, the following construction was performed during the year 1973:
Permanent street on 76th Street from Sheridan
Avenue to Xerxes Avenue
and
WHEREAS, the city share of costs have been paid in the sum of $80,065.08.
NOW, THEREFORE, BE IT RESOLVED by the city council of the City of Richfield
as follows:
1. That the cost of permanent street construction in the above described
area to be specially assessed is hereby declared to be at least 20~
of the total cost, or $29,609.29 , 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 8% 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 fox public
inspection.
197+
~+. The clerk shall notify the council upon completion of such proposed assess-
ment.
Passed by the City Council of the City of Richfield this 10th day of June,
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~~ oren L. yLaw ~ Mayer
ATTEST:
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Thama.s J . Moral City C:1.erk
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