HomeMy WebLinkAboutResolution 115-1998 RESOLUTION NO. 115-98
RESOLUTION DIRECTING PREPARATION OF ASSESSMENT ROLL, DIVIDING
ASSESSMENTS INTO INSTALLMENTS, AND PROVIDING FOR THE COLLECTION THEREOF FOR
STREET ASSESSMENT PROJECT 98-06STA (Alley from 11`h—12`h Ave between 4`� Street and 5`'' Street)
BE IT RESOLVED by the Board of Commissioners 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. 98-06STA. The referendum has not been invoked, and no
written protests against the making of said improvement have been filed with the City Finance Officer.
2. A contract for Street Assessment Project No. 98-06STA has been duly executed, and the Board of
Commissioners 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 $8,600.00
Engineering, inspection, fiscal,
legal expense, publication 516.00
Total Expense $8,116.00
4. The total cost of said improvement shall be paid as follows:
Assessable costs $9,116.00
5. There shall be made and filed in the office of the City Finance Officer 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 street constituting said improvement.
6. The assessment shall be divided into five (5) equal annual installments.
7. Unless paid to the City Finance Officer in advance of maturity,the assessments shall be collected
by the City Finance Officer 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 5`� day of October, 1998. I
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Mayor
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Finance Officer