Title
Approving a petition from Rebound Exchange, LLC for specially assessing the costs of a fire protection system at 26 Exchange St E. (Project No. FP20196-01, Assessment No. 197100)
Body
In the matter of approving a petition from Rebound Exchange, LLC for specially assessing the costs of a fire protection system at 26 Exchange St E.
WHEREAS, said petition meets the requirements of Chapter 429 of the Minnesota Statutes and the city policy on assessing costs for fire protection systems, as adopted in Council File numbers 88-481 and 97-67; and
WHEREAS, the City Council hereby receives said petition, and the estimated cost thereof is $463,131.79, financed by assessments; and
WHEREAS, the City Council has fully considered and reviewed said petition; now, therefore be it
RESOLVED, that the City Council does hereby approve said petition and authorize that the above described improvement be financed by special assessment in accordance with the fire protection sprinkler system requirements and procedures; and be it
FURTHER RESOLVED, that upon completion of said improvement, the proper city officials shall calculate all expenses incurred therein and shall report the same to the City Council in accordance with Chapter 429 of the Minnesota Statutes and the fire protection system policy.