Agenda - Council - 09/09/2003 - Laserfiche WebLink

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Councilmember introduced the following resolution and moved for its adoptio~?. RESOLUTION #03-09-X~.X RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPAIL4T1ON OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT #03- 02 (SEALCOAT AND CRACKFILL NORTH FORTY 3r~r~ ADDITION) WHEREAS, a contract has been let and costs have been determined with reference to the North Forty 3rd Addition, and the expenses incurred or to be incurred in the m -aking of such 0.~ .~ n74 improvement amount to $12,074 so that the total cost of the improvement will be ,l:,v . NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANO}Czk COUNTY, STATE OF MINNESOTA, as follows: 1) That the portion of the cost of such improvement to be paid by the City of Ramsey is hereby declared to be. $6,037 and the portion of the cost to be assessed against beneiked property owners is declared to be $6.037. 2) 3) That the principal of the assessments shall be 'in annual installments extending over a period of three years; the first of the installments to be payable on or before December 31, ~00~, and shall bear interest, per annum from the date of the adoption of the assessment resolution, at the rate of two (2) percent above the U.S. Treasu~ Rate. That the City Administrator shall calculate the proper amount to be specially assessed for such improvement against eyeD, assessable lot, piece or parcel of land within the district affected, without regard to cash valuation, as provided by law, and shall file in the city offices a copy of such proposed assessment for public inspection. 4) That the City Administrator shall, upon the completion of such proposed assessment, notify the Ramsey City Council thereof. The motion for the adoption of the foregoing re~olution Was duly seconded by councilmember, and upon vote being taken thereon, the following vOted in favor thereof: and the following voted against the same: and the following abstained: and the following were absent: -147-