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<br />Counci1member E1vig introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #07-09-233 <br /> <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING <br />PREPARATION OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT <br />#07-10 (OVERLAY SECTION 15 UNPLATTED) <br /> <br />WHEREAS, costs have been determined with reference to the bituminous overlay of <br />Section 12 unplatted and the expenses incurred or to be incurred in the making of such <br />improvement amount to be $66,885 so that the total cost of the improvement will be $66,885. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the portion of the cost of such improvement to be paid by the City of Ramsey is <br />hereby declared to be $33,442 and the portion of the cost to be assessed against benefited <br />property owners is declared to be $880.10. <br /> <br />. 2) That the principal of the assessments shall be in annual installments extending over a <br />period of ten years; the first of the installments to be payable on or before December 31, <br />2007, and shall bear interest, per annum from the date of the adoption of the assessment <br />resolution, at the rate of two (2) percent above the U.S. Treasury Rate. <br /> <br />3) That the City Administrator shall calculate the proper amount to be specially assessed for <br />such improvement against every assessable lot, piece or parcel of land within the district <br />affected, without regard to cash valuation, as provided by law, and shall file in the city <br />offices a copy of such proposed assessment for public inspection. <br /> <br />4) That the City Administrator shall, upon the completion of such proposed assessment, <br />notify the Ramsey City Council thereof. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Counci1member <br />Olson, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gamec <br />Counci1member E1vig <br />Counci1member Olson <br />Counci1member Dehen <br />Counci1member Jeffrey <br />Counci1member Look <br />Counci1member . Strommen <br /> <br />and the following voted against the same: <br /> <br />none <br /> <br />and the following abstained: <br /> <br />Resolution #07-09-233 <br />lof2 <br />