City Council Resolution 2007-73CITY. OF MONTICELLO
RESOLUTION NO. 2007-73
DECLARING COST TO BE ASSESSED, RECEIVING THE PROPOSED
ASSESSMENT AND SETTING A PUBLIC BEARING DA'L'E
2007 CORE STREET PROGRAM
CITY PROJECT NO.2007 -OIC
WHEREAS, a costs have been determined for the improvement to Area 3 of the Street
Reconstruction Program including River Street from Craig Lane to CSAH 75, Craig Lane, Kenneth
Lane, Hillcrest Road, Hillcrest Circle, Hilltop Drive, Matthew Circle and on River Street from CSAH
75 to the City ball fields by widening the streets, street reconstruction including milling and overlay,
curb and gutter, sidewalk, storm sewer, extension of sanitary sewer and water main along River
Street in the area of the ball fields, replacement of sanitary sewer on Craig Lane and other necessary
appurtenant work, and the contract price for such improvement is $1,261,154 and the expenses
incurred or to be incurred in the making of such improvement amount to $338,424 so that the total
cost of the improvement will be $1,599,578; and
WHEREAS, the City Engineer has prepared the proposed assessment for the 2007 Core Street
Reconstruction Project and has notified the Council that such proposed assessment has been
completed and has been filed in the office of the City Clerk for public inspection;
NOW THEREFORE, BE IT RESOL YED BY THE CITY COUNCIL OF MONTICELLO,
111INNESOTAr
1. The portion of the cost of such improvement to be paid by the City is hereby declared to be
$1,240,411 and the portion of the cost to be assessed against benefited property owners is
declared to be $359,167.
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,
2008 and shall bear interest at the rate of five percent per annum from the date of the adoption
of the assessment resolution.
3. A hearing shall be nelci on the 22"d day of Cc�Guei, � p
w ^037 at 7 .m. in the Council Chan :bers of
City Hall to pass upon such proposed assessment and at such time and place all persons
owning property affected by such improvement will be given an opportunity to be heard with
reference to such assessment.
4. The City Clerk is hereby directed to cause a notice of the hearing on the proposed assessment
to be published once in the official newspaper at least two weeks prior to the hearing and shall
state in the notice the total cost of the improvement. The City Clerk shall also cause mailed
notice to be given to the owner of each parcel described in the assessment roll not less than
two weeks prior to the hearings.
5. The owner of any property so assessed array, at any time prior to certification of the
assessment to the County Auditor, pay the whole of the assessment on such property, with
interest accrued to the date of payment to the City of Monticello, except that no interest shall
be charged if the entire assessment is paid within 30 days from the adoption of the
assessment. The property owner may at any time thereafter, pay to the City of Monticello the
entire amount of the assessment remaining unpaid, with interest accrued to December 31 of
the year in which such payment is made. Such payment must be made before November 15 or
interest will be charged through December 31 of the succeeding year.
Adopted by the Monticello City Council this 24'b day of September, 2007.
(I;/- ,
Clint Herbst, Mayor
ATTEST:
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Jeff O ity Administrator