05-038CITY OF SHOREWOOD
RESOLUTION NO. 05- 03 s
RESOLUTION DECLARING COST TO BE ASSESSED
AND ORDERING PREPARATION OF PROPOSED ASSESSMENT
AND ORDERING AN ASSESSMENT HEARING
WHEREAS, costs have been estimated for the improvement of Timber Lane Watermain
Project and the price for such improvement is estimated to be One Hundred Eighty Three
Thousand Twenty Six and No/100 Dollars, ($183,026) and the expenses incurred or to be
incurred in the making of such improvement amount of One Hundred Eighty Three Thousand
Twenty Six and No/100 Dollars, ($183,026), so that the total cost of the improvement will be
One Hundred Eighty Three Thousand Twenty Six and No/100 Dollars, ($183,026).
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Shorewood, as follows:
1.) The portion of the cost of such improvement to be paid by the City is hereby estimated
to be Thirty One Thousand Seventy Four and NO/100 Dollars ($31,074) and the portion of the
cost to be assessed against benefited property owners is estimated to be One Hundred Fifty One
• Thousand Nine Hundred Fifty Two and N0/100 Dollars ($151,952).
2.) Assessments shall be payable in equal annual installments extending over a period of
fifteen (15) years, the first of the installments to be payable on or before the first Monday in
January, 2006, and shall bear interest at the rate of six percent (6%) per annum from the date of
the adoption of the assessment resolution.
3.) The City Clerk, with the assistance of the City Engineer shall forthwith calculate the
proper amount to be specially assessed for such improvement against every assessable lot, piece
or parcel of land within the district affected, without regard to cash valuation, as provided by law,
and he shall file a copy of such proposed assessment in his office for public inspection.
4.) A public hearing shall be held on such proposed assessments on the 9th day of May,
2005 in the Council Chambers of the City Hall at 7:00 p.m., and the Clerk shall give mailed and
published notice of such hearing and assessments as required by law.
5. ) The City Clerk shall upon the completion of such proposed assessment notify the
Council thereof.
• ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 25th
day of April, 2005.
ATTEST:
Craig WV , Vafvson, City Administrator/Clerk
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Woody Love, Mayor