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HomeMy WebLinkAbout04-122 - ADMIN Resolution - City Council - 2004/10/04RESOLUTION NO 04-122 RESOLUTION AUTHORIZING INSTALLATION AND SPECIAL ASSESSMENT OF FIRE SPRINKLER SYSTEM AT 1342 Colorado Avenue WHEREAS, the Property Owner at 1342 Colorado Avenue ("Benefited Property") has petitioned the City of St. Louis Park to authonze a special assessment for the installation of a fire spnnkler system in their commercial building on the Benefited Property; and WHEREAS, the Property Owner has agreed to waive their right to a public hearing, nght of notice and nght of appeal pursuant to Minnesota Statute, Chapter 429; and WHEREAS, the City Council of the City of St Louis Park has received a report from the Fire Marshal related to the installation of the fire sprinkler system NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Louis Park, Minnesota, that: 1. The petition from the Property Owner requesting the approval and special assessment for the fire sprinkler system is hereby accepted. 2. The installation of the fire spnnkler system in conformance with the plans and specifications approved by the Fire Department and Department of Inspections is hereby authonzed. 3. The total estimated cost for the design and complete installation of the fire sprinkler system is accepted at $30,380.00 II) 4. An administrative fee of $152.00 for processing shall be added to the special assessment. 5. The Property Owner has agreed to waive their rights to a public heanng, notice and appeal from the special assessment; whether provided by Minnesota Statutes, Chapter 429, or by other statutes, or by ordinance, City Charter, the constitution, or common law. 6. The total special assessment against the Benefited Property will be $30,532.00. 7. The Property Owner agrees to pay the City for the cost of the above improvements through special assessment over a ten (10) year penod at five point nine seven percent (5.97%) interest. 8. The Property Owner(s) agree(s) to execute an agreement with the City and any other nts necessary to implement the installation of the fire spnnkler system and the special assessment of all costs associated therewith. Revi d for Administration. w -I& City 1 a • ge' Attest: y Clerk Ad d by the City Council October 4, 2004 li(�2" I Mayo