96-081
.
CITY OF SHOREWOOD
RESOLUTION NO. 96 - 81
RESOLUTION DECLARING COST TO BE ASSESSED, ORDERING
PREPARATION OF PROPOSED ASSESSMENT ROLL AND ORDERING
AN ASSESSMENT HEARING FOR CITY PROJECT NO. 95-16, SMITHTOWN
ROAD (EUREKA TO COUNTRY CLUB) WATER SYSTEM IMPROVEMENTS
WHEREAS, costs have been determined for the improvement of the Smithtown Road (South
Link) Water System Improvements and the price for such improvement is estimated to Three Hundred
Ninety One Thousand Nine Hundred Ninety One Dollars ($391,991.00), and the expenses incurred
or to be incurred in the making of such improvement amount of One Hundred Thirty Seven Thousand
One Hundred Ninety Six Dollars ($137,196.00) so that the total cost of the improvement will be Five
Hundred Twenty Nine Thousand One Hundred Eighty Seven Dollars ($529,187.00).
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
Two Hundred Ninety One Thousand, Six Hundred Eighty Seven Dollars ($291,687.00) and the portion
of the cost to be assessed against benefited property owners is estimated to be Two Hundred Thirty
Seven Thousand, Five Hundred Dollars ($237,500.00).
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 30th 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.
~~
Robert B. Bean, Mayor
ATTEST:
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