Title
RESOLUTION ORDERING IN THE WHITTIER STREET RECONSTRUCTION PROJECT AT AN ESTIMATED COST OF $163,000.
Body
CITY PROPOSAL:
RESOLVED, that it is deemed necessary for public convenience and safety and it is hereby ordered that the following street be improved:
Project No. 1542 (estimate $163,000)
Whittier Street from Claymore Street to approximately 700’ south of Claymore Street
FURTHER RESOLVED, that said work be done by contract and the estimated cost of the project as estimated by the city engineer is $163,000, payable from the Special Assessment fund 410, Department/Agency 035 (Capital Projects Accounts), Object 5530 (Improvements Other than Buildings), city project no. 1542. The funding source for this project will be as follows: $163,000 assessed to Lots 18 and 19 of Block 14 Greysolon Farms First Division of Duluth as detailed in the Whittier Street Development and Assessment Agreement.
FURTHER RESOLVED, that the assessment shall be levied upon the land benefitted per the preliminary assessment roll and may be paid in 15 annual installments at municipal bond index fund rate plus 1.5% interest.
Statement of Purpose
STATEMENT OF PURPOSE: This resolution will order in assessable street improvements as part of the Whittier Street Reconstruction Project. Per the Whittier Street Development and Assessment Agreement, the maximum assessment to the benefitted property is $200,000.