96-082
.
.
.
CITY OF SHOREWOOD
RESOLUTION NO. 96 - 82
RESOLUTION DECLARING COST TO BE ASSESSED, ORDERING
PREP ARA TION OF PROPOSED ASSESSMENT ROLL AND ORDERING
AN ASSESSMENT HEARING FOR CITY PROJECT NO. 95-14,
EUREKA ROAD WATER SYSTEM IMPROVEMENTS
WHEREAS, costs have been determined for the improvement of the Eureka Road Water
System Improvements and the price for such improvement is estimated to Two Hundred Forty Four
Thousand Six Hundred Ninety Two Dollars ($244,692.00), and the expenses incurred or to be
incurred in the making of such improvement amount of Eighty Five Thousand Six Hundred Forty
Three Dollars ($85,643.00) so that the total cost of the improvement will be Three Hundred Thirty
Thousand Three Hundred Thirty Five Dollars ($330,335.00).
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
One Hundred Twenty Six Thousand, Eight Hundred Thirty Five Dollars ($126,835.00) and the portion
of the cost to be assessed against benefited property owners is estimated to be Two Hundred Three
Thousand, Five Hundred Dollars ($203,500).
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, 1997, and
shall bear interest at the rate of not more than eight percent (8%) 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 29th day of October, 1996
in the Council Chambers of the City Hall at 7:30 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.
PASSED AND ADOPTED BY THE CITY COUNCIL, of the City of Shorewood this
9th day of September, 1996.
ki~
Robert B. Bean, Mayor
ATTEST: