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HomeMy WebLinkAbout05-002 - ADMIN Resolution - City Council - 2005/01/03e RESOLUTION NO. 05-002 RESOLUTION AUTHORIZING INSTALLATION AND SPECIAL ASSESSMENT OF FIRE SPRINKLER SYSTEM AT 6401 Cambridge Street WHEREAS, the Property Owner(s) at 6401 Cambndge Street ("Benefited Property") has petitioned the City of St. Louis Park to authorize 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 spnnkler system NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St Lows 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 sprinkler system in conformance with the plans and specifications approved by the Fire Department and Department of Inspections is hereby authorized. 3 The total estimated cost for the design and complete installation of the fire sprinkler system is accepted at $53,980. 4 An administrative fee of $270 will be added to the special assessment 5. The total Special Assessment is $54,250 6. The Property Owner has agreed to waive their rights to a public hearing, 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. 7. The Property Owner(s) agree(s) to pay the City for the cost of the above improvements through special assessment over a ten (10) year penod at five point seven seven percent (5 77 %) interest he Property Owner(s) agree(s) to execute an agreement with the City and any other dicuments necessary to implement the installation of the fire sprinkler system and the special as -ssment of all costs associated therewith. Revs: w. d sr Administration: � 'l. City ger Attest. 0 y Clerk ,A'doptt byth - ity Council January 3, 2005 6(.4 May