HomeMy WebLinkAboutResolution 54-2002 RESOLUTION NO. 54-02
RESOLUTION DIRECTING PREPARATION OF ASSESSMENT ROLL, DIVIDING
ASSESSMENTS INTO INSTALLMENTS,AND PROVIDING FOR THE COLLECTION
THEREOF FOR STREET ASSESSMENT PROJECT 2002-02STA
(Alley from 7`h St. to 8th St. between 2"d Ave. and Main Ave.)
BE IT RESOLVED by the City Council of the City of Brookings, South Dakota, as follows:
1. More than twenty days have elapsed since the adoption and publication of a Resolution of
Necessity for Street Assessment Project No. 2002-02STA. The referendum has not been invoked, and no
written protests against the making of said improvement have been filed with the City Manager.
2. A contract for Street Assessment Project No. 2002-02STA has been duly executed, and the City
Council is authorized to levy special assessments pursuant to the provisions of chapter 9-43, SDCL 1967, as
amended.
3. The City Engineer has caused an estimate of the expense of the work to be made and filed in his
office showing the total cost of said improvement as follows:
Contract price $9,290.57
Engineering, inspection, fiscal,
legal expense and publication 557.43
$9,848.00
4. The total cost of said improvement shall be paid as follows:
Assessable costs $9,601.80
Alley frontage (city) 246.20
$9,848.00
5. There shall be made and filed in the office of the City Manager an assessment roll for said
improvement. The assessments sha11 be on the basis of benefits upon each lot or tract of land contiguous to
the alley constituting said improvement.
6. The assessment sha11 be divided into five (5)equal annual installments.
7. Unless paid to the City in advance of maturity, the assessments shall be collected by the City
Manager in accordance with the procedure for Plan One in Chapter 9-43, SDCL 1967, as amended.
8. The interest rate to be borne by the unpaid installments of the special assessment is ten percent
(lo%).
Passed and approved this 28`�day of October 2002.
CITY OF BROOKINGS
e�O�K�M�s Mayor V' 1 H. emott
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ari Thornes, City Clerk