HomeMy WebLinkAboutResolution 115-2013 Resolution No. 115-13
Resolution Directing Preparation of Assessment Roll, Dividing Assessments into Installments,
and Providing for the Collection Thereof for Street Assessment Project 2012-02STA(32nd
Avenue Street Assessment 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. 39-12 for Street Assessment Project No. 2012-02STA. 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. 2012-02STA 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 her office showing the total cost of said improvement as follows:
Contract price $877,450.98
Engineering, inspection, fiscal,
legal expense, publication $ 101,000.00
Total Expense $978,450.98
4. The total cost of said improvement shall be paid as follows:
Assessable costs $562,435.95
City-assumed costs including extra width &thickness $416,015.03
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 front foot upon each lot or tract of
land contiguous to the street constituting said improvement. The property owners in Thelen's
Addition shall receive a 25% reduction in the front foot assessment cost.
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 8th day of October, 2013.
CITY OF BROOKINGS
11_60.4
Tim Reed, Mayor
ATTEST:
e , 4• „,
•
•c,/
nes, City Clerk
-------