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r2422R E S O L U T I O N NO. 2422 WHEREAS, Subdistrict No. 99048 (West Watson Road – Nanell Lane) was established on petition by Ordinance No. 10973, adopted June 14, 2001, and WHEREAS, investigation has shown that such area is not adequately served by lateral sanitary sewers and that the public health is affected, and WHEREAS, the entire cost of the installation of such sewers including the engineering, survey, and inspection costs, is estimated to be Five Hundred Twenty Thousand Dollars ($520,000.00), and that the most practicable method of payment of the costs is by special tax bills issued at the interest rate of two and one-half percent (2.5%) per annum, or other evidence of special benefit assessments upon the land benefited by such installation, NOW, THEREFORE, BE IT RESOLVED that the construction of adequate lateral sanitary sewers in the area known as Subdistrict No. 99048 (West Watson Road – Nanell Lane) is necessary in the interest of public health; that such sewers shall consist of approximately 3,020 lineal feet of 8-inch sewers, which shall be capable of efficiently serving or draining the entire local drainage area; the entire cost of improvement, including the engineering, survey, and inspection costs, to be paid for by special tax bills issued at the interest rate of two and one-half percent (2.5%) per annum, or other evidence of special benefit assessments upon the land benefited by such improvement is estimated to be Five Hundred Twenty Thousand Dollars ($520,000.00), such 2 special tax bills to be purchased by the District and held for collection, such purchase being done as a cost reduction; and that such improvement be constructed in said Subdistrict, such facilities to flow into or be connected with existing public lateral sanitary sewers located adjacent to said Subdistrict. BE IT FURTHER RESOLVED that special benefit assessments to those properties benefiting from such improvement be levied against all land in the above described Subdistrict, whether public or private, in the proportion that each such lot or parcel of land bears to the entire benefited area of such Subdistrict, exclusive of streets, roads, and alleys. BE IT FURTHER RESOLVED that a public hearing be held within said Subdistrict to afford all persons interested in said improvement an opportunity to be heard; that such hearing shall be held at such time and place as the Executive Director shall determine, but not less than ten nor more than thirty days after the adoption of this Resolution; and that notice of such hearing shall be given by the publication of notice in at least one issue of a newspaper of general circulation within the Metropolitan St. Louis Sewer District not less than ten days in advance of the date of such hearing. The foregoing Resolution was adopted September 13, 2001.