HomeMy WebLinkAbout6333 - ADMIN Resolution - City Council - 1979/08/20AUGUST 20, 1979
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RESOLUTION NO. 6333
RESOLUTION REVISING POLICY FOR FINANCING CONCRETE
ALLEY PAVING ASSESSMENTS FROM A TEN-YEAR PAYBACK
PERIOD TO TWENTY YEARS
WHEREAS, the City has had experience over a long period of time
with special assessments for concrete alley paving which have been
financed through special assessments; and
WHEREAS, alley paving has been financed for a period of ten years
per Council Resolution No. 665, September 8, 1958; and
WHEREAS, concrete alley paving costs have been inflated to such a
degree that a ten-year financing is creating a hardship on the
annual payments; and
WHEREAS, concrete alley paving has a useful life of at least 20
years or more; therefore,
BE IT RESOLVED by the City Council of St. Louis Park, Minnesota,
that for purposes of preparation of reports, assessment proceedings
and other administrative matters, Resolution No. 665 is revised to
read that concrete alley paving project assessments will be financed
for 20 years commencing with alley paving projects constructed in
1979 and thereafter.
Adopted by the City Council August 20, 1979.
A test:
ity Jerk
i -wed for .•ministration: Approved as to formnd legality:
City Attorney