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Res 2007- 38 Assessment Prep for Kipp Addition ImprovementsCity of Mendota Heights Dakota County, Minnesota RESOLUTION NO. 07-38 RESOLUTION DECLARING COSTS TO BE ASSESSED, ORDERING THE PREPARATION OF ASSESSMENT ROLL, AND ESTABLISHING THE DATE OF THE ASSESSMENT HEARING FOR THE KIPP ADDITION IMPROVEMENT PROJECT (IMPROVEMENT NO. 200702) WHEREAS, a contract has been let and costs have been determined for the construction of Kipp Addition Improvements, including grading, aggregate base, bituminous paving, concrete curb and gutter, sanitary sewer, water main, storm sewer and appurtenant work and the contract price for such improvements is $137,390.29 and the expenses incurred or to be incurred in the making of such improvements amount to $18,610.00 so that the total cost of the improvements will be $156,000.29. NOW THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City of Mendota Heights, Minnesota, as follows: 1. The portion of the cost to be assessed against the benefited property owners is declared to be $156,000.29 2. Assessments shall be payable in equal annual installments extending over a period of 10 years for Kipp Addition Improvements. The first installment shall be the annual principal plus interest calculated from the public hearing date to the end of this year plus twelve months of the next year and shall bear interest at the rate of 6% per annum from the date of the adoption of the assessment resolution. 3. That the City Clerk, with the aid and 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 she shall rile a copy of such proposed assessment in her office for public inspection. 4. The City Clerl( shall upon the completion of such proposed assessment notify the City Council thereof. 5. A public hearing shall be held on the 5t' day of June, 2007, in the City Council Chambers at 7:30 P.M: or as soon as possible thereafter to pass upon such proposed assessment and at such time and place all persons owning property affected by such improvement will be given the opportunity to be heard with reference to such assessment. 6. The City Clerk is hereby directed to cause a notice of the public hearing on the proposed asses4 ent to be published once in the official newspaper of the City at least two weeks prior to the hearing, and the City Manager 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. 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 Finance Director, except that no interest will 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 Finance Director the entire amount of the assessment remaining unpaid, excepting the installment portion appearing upon the current year's property tax statement. Adopted by the City Council of the City of Mendota Heights this 15th day of May, 2007. • 1 ATTEST: Ka hleen M. Swanson, City Clerk