Agenda - Council - 09/09/1996 - Laserfiche WebLink

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Councilmember introduced the following resolution and moved for its adoption: RESOLUTION #96-09-__ RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ;ASSESSMENT FOR IMPROVEMENT PROJECT #95-16 (BITUMINOUS SURFACING OF BISON STREET BETWEEN 171ST AVENUE AND 173RD AVENUE) WHEREAS~ a contract has been let and costs have been determined with reference to the bituminous surfacing of Bison Street between 171st Avenue and 173rd Avenue, and the expenses incurred or to be incurred in the malcifi~' g of such improvement amount to $43,521 so that the total cost of the improvement will be $43,521. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the portion of the cost of such improvement to be paid by the City of Ramsey ks hereby declared to be $20,88~ (which includes $9430 contributed by the developer's escrow from the Dellwood Hills subdivision to be used for this purpose) and the portion of the cost to be assessed against benefited property owners is declared to be $22,632. 2) 3) That the prin~pal of the assessments shall be in annual installments extending over a period of ten (10) years; the first of the installments to be payable with property taxes payable in 1997 and shall bear interest, per ~num from the date of the adoption of the assessment resolution, at the rate of two percent above the U.S. Treasury Rate. That the Cityr Administrator shall calculate the proper amount to be specially asses~sed for such improvement against every assessable lot, piece or parcel of land within the district affected, without regard to cash rvaluation, 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 adt~ption of the foregoing resolution was duly seconded by Counciimember and upon vote being t~en thereon, the following voted in favor thereof: and the following voted against the same: and the following were absent: and the following abstained: whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this the 9th day of September, 1996. ATTES T: Mayor City Administrator