1983-08-16 - Laserfiche WebLink

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I I I City of New Brighton August 16, 19B3 Page Four The City Engineer reviewed the project 82-7, project costs and proposed assessments. No one was present at the public hearing to speak on the issue. Motion by Benke, seconded by Blomquist to close the hearing. 5 Ayes - 0 Nayes - motion carried Motion by Benke, seconded by Blomquist to waive the reading and adopt a RESOLUTION ADOPTING ASSESSMENT FOR INNSBRUCK 3RD ADDITION, STREET AND UTILITIES, PROJECT 82-7. 5 Ayes - 0 Nayes - motion carried The City Engineer reviewed the project 82-8, project costs and proposed assessments. Mr. Marlin Ervasti, Senior Vice President of St. Mary's Hospital, stated that they were asking that the assessment be spread over 15 years at interest not exceeding 12 percent, that the first installment of principal be deferred for ten years, or until the property is improved, platted or sold, whichever occurs first. ' Councilmember Janecek questioned whether St. Mary's would be willing to pay the interest. Mr. Ervasti stated that they would be willing to pay annual interest on the assessment if principal deferrment was granted. Mayor Harcus thanked St. Mary's for cooperating with the City by donating the north 30 feet of its property for the street, but that he would like to have further financial information from our staff before making a decision on this. Councilmember Benke questioned whether there had been anything done on this property. Mr. Ervasti stated that St. Mary's might be willing to consider sale of the lots, and that they might still have some interest in putting in an emergi- center on the east side of this property. He futher stated that he would be taking this concept of selling off some property to the September meeting of the property management board. Improvement Project 82-7, Innsbruck 3rd Addition, Street and Utilities 7:52-7:54 p.m. RESOLUTION #83-92 Improvement Project 82-8, Innsbruck North 4th Street & Utilities 7:54-8:00 p.m. RESOLUTION #83-93