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Councilmcmbcr intruduced thc following resolution and moved for its adoption: <br /> <br /> RESOLUTION #94-09:__ <br />RESOLUTIONiDECLARING COST TO BE ASSESSED AND ORDERING PREPARATION <br />OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT #94-02 (SEALCOAT <br />AND CRACK I~ILL PINE COVE ADDITION) <br /> <br /> WHEREAS, a contract has been let and costs have been determined with reference to thc <br />scalcoating and cr~ck filling of Pine Cove Addition and thc expenses incurred or to bc incurred in thc making <br />of such improvcm~mt amount to $1,269 so that thc total cost of tile improvement will bc $1,269. <br /> <br />NOW THEREi~ORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, AN(}KA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That thc portion of the cost of such improvement to be paid by thc City of Ramscy is hereby declared <br /> to bc $19 ~d the portion of thc cost to be assessed against benefited property owners is declared to be <br /> $0, with the remaining funds being provided from an escrow established by thc subdivision <br /> developer., <br /> <br />2) That thc pr!.ncipal of the assessments shall be in annual installments extending over a period of three <br /> (3) years; ~e first of thc installments to bc payable on or before December 31, 1995 and shall bear <br /> interest at !the rale of 9.75 percent per annum from thc date of the adoption of the assessment <br /> resolution. <br /> <br />3) That thc ~jty Administrator shall calculate thc proper amount to bc specially assessed for such <br /> improvemdpt against ever), assessable lot, piece or parcel of land within thc district aITcctcd, without <br /> regard to c;ish valuation, as provided by law, and shall ['ilc in thc city offices a copy of such proposed <br /> assessment !for public inspection. <br /> .. <br />4) That thc City Administrator shall, upon thc completion o[' such proposed assessment, notify thc <br /> Ramsey Ci!y Council thereof. <br /> r <br />The motion for the ~ldoption of thc foregoing resolution was duly seconded by Councilmcmbcr <br />and upon vote being taken thereon, thc following voted in favor thereof: <br /> ; <br /> <br />and thc following voted against thc same: <br /> <br />and the following W~crc absent: <br /> <br />and the following abstained: <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this thc 27th <br />da), of September, ~994. <br /> <br />ATTEST: Mayor <br /> <br />City Administrator <br /> <br /> <br />