HomeMy WebLinkAboutResolution 004-2013 Resolution No.04-13
Resolution Directing Preparation of Assessment Roll, Dividing Assessments into Installments,and
Providing for the Collection thereof for Street Assessment Project 2012-09STA 25th Avenue and 10th Street
Construction Project
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 Resolution of Necessity No.
40-12 for Street Assessment Project No. 2012-09STA. 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. 2012-09STA 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 her office
showing the total cost of said improvement as follows:
Contract price $398,504.93
Engineering, inspection,testing $43,668.48
Total Expense $442,173.41
4. The total cost of said improvement shall be paid as follows:
Assessable costs $361,443.54
City Assumed Extra Width and Thickness and CCO1 $80,729.87
5. There shall be made and filed in the office of the City Clerk 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 shall be divided into ten (10)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(10%).
Passed and approved this 22nd day of January, 2013.
CITY OF BROOKINGS
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�oA.P71`'S :.(4 s�, Tim Reed, Mayor
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',,—." ornes,City Clerk