Laserfiche WebLink
RESOLUTION <br /> WHEREAS, a contract has been let ( costs have been determined ) for <br /> the improvement the alley way between Spruce and Front Street , Block 2 , <br /> Pequot , and the contract price for such improvement is $3, 940 . 00 , and <br /> the expenses incurred or to be incurred in the making of such <br /> improvement amount to $210. 00 so that the total cost of the improvement <br /> will be $4, 150 .00 . <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PEQUOT LAKES, <br /> MINNESOTA: <br /> 1 . The portion of the cost of such improvement to paid by the <br /> city is hereby declared to be $172 . 92 , and the portion of the cost be <br /> assessed against benefited property owners is declared to be $3 , 977 . 08. <br /> 2 . Assessments shall be payable in equal annual installments <br /> extending over a period of ten years , the first of the installments to <br /> be payable on or before the first Monday in January , 1993 and shall <br /> bear interest at the rate of eight (8) % per annum from the date of the <br /> adoption of the assessment resolution . <br /> 3 . The city clerk, shall forthwith calculate the proper amount to <br /> be specially assessed for such improvement against every assessable <br /> blot , piece or parcel of land within the district affected , without <br /> regard to cash valuation , as provided by law, and she shall file a copy <br /> of such proposed assessment in her office for public inspection . <br /> 4 . The clerk shall upon the completion of such proposed assess- <br /> ment , notify the council thereof . <br /> Council member D. Good moved the adoption of this resolution at <br /> the Pequot Lakes City Council meeting held October 6, 1992 , at the <br /> Pequot Lakes City Hall . Motion seconded by J . Noren and unanimously <br /> passed . <br /> . Ed Larsen , Mayor <br /> Terri Russell , Ci - Clerk <br />