RES071204A - Laserfiche WebLink

Home Browse Search

The revised estimated cost of the proposed improvement is $830,000, which does not exceed the original estimated cost of $800,000 by more than 25%. o The plans and specifications for the improvement are set out in the attached "Project No. 995 University Park #2 Improvement," marked Exhibit "A" and made a part hereof, o The proposed assessment roll, listing the assessments to be made against each parcel of real property deemed to be benefited by such improvement, is attached, marked Exhibit "B" and made a part hereof. It is proposed that the assessments shall accrue interest at the rate of 8% per annum until paid in full. The property owners may pay such assessments in full when levied or in substantially equal annual installments for a duration not to exceed 20 years. BE IT FURTHER RESOLVED: That the plans and specifications (Exhibit "A") and the proposed assessment roll (Exhibit "B") shall be filed with the City Clerk, and shall be open for public inspection. The City Clerk shall thereupon publish notice that the City Council will conduct a hearing at City Hall at 7:30 p.m. on July 26, 2004, to consider the proposed improvement and proposed assessments. Such notice shall be published in a newspaper of general circulation at least once not more than 20 days and not less than 10 days before the hearing and shall state the project name for the improvement, the general nature of the improvement, the revised estimated cost, the boundaries of the neighborhood improvement district to be assessed, and that written or oral objections will be considered at the hearing. At the same time, the City Clerk shall mail to the owners of record of the real property made liable to pay the assessments, at their last known post office address, a notice of the hearing and a statement of the cost proposed to be assessed against the real property so owned and assessed. Motion seconded by Councilmember Brungardt and carried. Adopted this 12 day of July, 2004. I hereby certify that the above is a true excerpt from the minutes of the meeting of the City Council held on the 12 day of July, 2004. (/ CItY'CLERK