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HomeMy WebLinkAboutResolution 75-2002 RESOLUTION N0.75-02 Resolution Directing Preparation Of Assessment Roll,Dividing Assessments Into Installments, And Providing For The Collection Thereof For Sidewalk Assessment Project 2002-01SWR(2002 Sidewalk Repairs) BE IT RESOLVED by the City Council of the City of Brookings, South Dakota, as follows: 1. More than twen da s have ela sed since the adoption and publication of a Resolution of tY Y P Necessity for Sidewalk Assessment Project No. 2002-01 SWR. 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 Sidewalk Assessment Project No. 2002-01 SWR has been duly executed, and the Cit Council is authorized to le s ecial assessments ursuant to the rovisions of cha ter Y �'Y P P P P 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 $31,402.70 Engineering, inspection, fiscal, legal expense, publication 267.38 Total Expense $31,670.08 4. The total cost of said improvement sha11 be paid as follows: City Repair Costs $26,946.26 Assessable costs $ 4,723.82 5. There sha11 be made and filed in the office of the City Manager an assessment roll for said improvement. The assessments shall be on the basis of benefits upon each lot or tract of land contiguous to the sidewalk constituting said improvement. 6. The assessment sha11 be divided into five(5) equal annual installments for all amounts over $300.00. For amounts of$300.00 or less, the entire assessment shall be due. 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 (10%). Passed and approved this 17`�day of December 2002. CITY OF � • Mayor C,,'�o .,.. ..Ncoqo�o ����� Cixy Cl��= '�a kC��P