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<br />Councilmember Strommen introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #08-08-155 <br /> <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING <br />PREPARATION OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT <br />#08-05 (OVERLAY GOLDEN EAGLE ESTATES & TROTT BROOK RIDGE) <br /> <br />WHEREAS, costs have been determined with reference to the overly of and the <br />expenses incurred or to be incurred in the making of such improvement amount to be $260,438 <br />so that the total cost of the improvement will be $260,438. <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 $130,219 and the portion of the cost to be assessed against benefited <br />property owners is declared to be $1,415.43. <br /> <br />2) That the principal of the assessmentsvshall 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 />2008, and shall bear interest, per annum from the date of the adoption of the assessment <br />resolution, at the rate oftwo (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 />Jeffrey, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gamec <br />Councilmember Strommen <br />Councilmember Jeffrey <br />Councilmember Dehen <br />Councilmember Elvig <br />Councilmember Look <br />Councilmember Olson <br /> <br />and the following voted against the same: <br /> <br />none <br /> <br />Resolution #08-08-155 <br />lof2 <br />