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<br />(!,..I5 <br /> <br />Councilmember introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #08-08-XXX <br /> <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING <br />PREPARATION OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT <br />#08-03 (SEAL COAT AND CRACKFILL WHISPERING PINES ESTATES & PLAT 2,4, <br />& 5 & MENK PHN) <br /> <br />WHEREAS, costs have been determined with reference to the sealcoat and crackfill of <br />Whispering Pines Estates & Plat 2,4, & 5 & Menk PHN and the expenses incurred or to be <br />incurred in the making of such improvement amount to be $11 0,044 so that the total cost of the <br />improvement will be $110,044. <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 $47,319 and the portion of the cost to be assessed against benefited <br />property owners is declared to be $285.05. <br /> <br />2) That the principal of the assessments shall be in annual installments extending over a <br />period of three years; the first of the installments to be payable on or before December 31, <br />2008, 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 Councilmember , <br />and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />and the following abstained: <br /> <br />and the following were absent: <br /> <br />Resolution #08-08-XXX <br />lof2 <br /> <br />-83- <br />