City Council Resolution 2004-85CITY OF MONTICELLO
WRIGHT COUNTY, MINNESOTA
RESOLUTION NO. 2004-85
RESOLUTION DECLARING COST TO BE ASSESSED AND SETTING
PUBLIC HEARING DATE
PROJECT NO. 2004-19C TH 25/SCHOOL BOULEVARD SIGNAL
WHEREAS, a contract has been let for the improvement of the intersection of School Boulevard and
TH 25 by the installation of a traffic signal and other appurtenant work and the contract price for such
improvement is $157,070.00 and the expenses incurred or to be incurred in the making of such
improvement amount to $156,299.00 so that the total amount of the improvement will be
$3135369.60.
NO W THEREFORE, BE IT HEREB Y RESOL VED B Y THE CITY CO UNCIL OF
MONTICELLO, MINNESOTA:
1. The portion of the cost of such improvement to be paid by the City is hereby declared to be
$137,370.00 and the portion of the cost to be assessed against benefitted property is declared
to be $176,000.
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, 2005
and shall bear interest at the rate of 5.5% percent per annum form the date of the adoption of
the assessment resolution.
3. The City Clerk 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 filed a copy of such proposed assessment in his office for public inspection.
4. A hearing on the proposed assessment shall be held on November 8, 2004 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.
5. 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 he
shall stated 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 hearing.
6. 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. The property owner
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 25" day of October, 2004.
Bruce Thielen, Mayor
ATTEST:
Rick Wolfsteller, 6ty Administrator