Resolution 21-05 Ordering Assessment Role
DECLARING COST TO BE ASSESSED, AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
WHEREAS, costs have been determined for the improvement of improvement of those streets identified in Exhibit A by overlayment or reconstruction and the contract price for such improvement is $193,446 and the expenses incurred or to be incurred in the making of such improvement amount to $31,127 so that the total cost of the improvement will be $224,573.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MOUNTAIN IRON, MINNESOTA:
1. The portion of the cost of such improvement to be paid by the City is hereby declared to be $74,455 and the portion of the cost to be assessed against benefited property owners is declared to be $150,118.
2. Assessments shall be payable in equal annual installments extending over a period of ten years, the first of the installments to be payable on or before the first Monday in January, 2006, and shall bear interest at the rate of eight percent per annum from the date of the adoption of the assessment Resolution.
3. The City Administrator, with the assistance of the 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 City Administrator shall upon the completion of such proposed assessment, notify the City Council thereof.
DULY ADOPTED BY THE CITY COUNCIL THIS 15th DAY OF AUGUST, 2005.
EXHIBIT A
Locomotive Street from Mountain Avenue to Marble Avenue
Park Drive from South of Garden Drive to Mud Lake Road
Arbor Lane from Mineral Avenue to Greenwood Lane
Parkville Street from Nichols Avenue to Old Highway 169
Spring Park Road from Nichols Avenue to end of current bituminous portion
Oriole Avenue from Spring Park Road to Cardinal Street
Cardinal Street from Oriole Avenue to Nichols Avenue
Eagle Avenue from Parkville Street to end of current bituminous portion
Grant Street from Mineral Avenue to end of current bituminous portion
Only the Cul-de-sac of North Court
All of Marion Lane
