City Council Resolution 2005-115RESOLUTION NO. 2005-115
RESOLUTION DECLARING COST TO BE ASSESSED, ORDERING
PREPARATION OF PROPOSED ASSESSMENT AND
SETTING HEARING ON PROPOSED ASSESSMENT
2005 CORE STREET IMPROVEMENTS
PROJECT NO. 2005 -IC
WHEREAS, costs have been determined for improvements under the Core Street Reconstruction
program to River Street from Chestnut Street to Otter Creek Road and improvements to Willow Street,
Sandy Lane and Chestnut Street by the widening of the roadway, reconstruction of paving surface,
installation of concrete curb and gutter, utility repair work where needed and installation of storm
sewer and other appurtenant work and the estimated contract price for such improvement is
$791,737.81 and the expenses incurred or to be incurred in the making of such improvement amount to
$128,300.49 so that the total cost of the improvement will be $920,038.30.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF MONTICELLO,
MINNESOTA:
1. The portion of the estimated cost of such improvement to be paid by the City is hereby declared
to be $731,511.32 and the portion of the cost to be assessed against benefitted property owners
is declared to be $188,526.98.
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 5 V2% 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 the City Administrator shall file a copy of such proposed assessment in his office for
public inspection.
4. The City Administrator upon the completion of such proposed assessment, notify the City
Council thereof.
5. A hearing shall be held on the 14`h day of November, 2005 in the City Hall at 7 p.m. 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.
6. The City Administrator 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. He 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.
7. The owner of any property so assessed may, 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, except that no interest shall be charged if the entire
assessment is paid within 30 days from the adoption of the assessment. He may at any
time thereafter, pay to the City 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"' day of July, 2005.
�Y/ Z4�-' ///I
Clint Herbst, Mayor
ATTEST:
Rick Wolfsteller, City Admi strator