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Councilmember Elvig introduced the following resolution and moved for its adoption: <br />RESOLUTION #11 -10 -190 <br />RESOLUTION ADOPTING ASSESSMENT FOR IMPROVEMENT PROJECT #11 -06 <br />(BITUMINOUS OVERLAY OF OAK RUN, STANHOPE RIVER HILLS, OAK RIDGE <br />ESTATES) <br />WHEREAS, pursuant to proper notice duly given as required by law, the Ramsey City <br />Council has met and heard and passed upon all objections to the proposed assessment for the <br />Improvement Project #11 -06, which is includes the bituminous overlay of: <br />11 -06 Oak Run <br />11 -06 Oak Run* <br />11 -06 <br />11 -06 <br />11 -06 <br />11 -06 <br />11 -06 <br />Stanhope River Hills <br />Stanhope River Hills <br />Stanhope River Hills <br />Stanhope River Hills <br />Stanhope River Hills <br />11 -06 Oakridge Estates <br />11 -06 Oakridge Estates <br />Coquina St. <br />Coquina St. <br />153rd Lane <br />154th Lane <br />155th Lane <br />Juniper Circle <br />Oneida St. <br />166th Cir. <br />Marmoset St. <br />Nowthen Blvd. / N. EOP <br />Coquina St. / CDS <br />Roanoke St. / Oneida St. <br />Roanoke St. / CDS <br />Roanoke St. / CDS <br />Roanoke St. / CDS <br />S. EOP / 153rd Lane <br />Marmoset St. / CDS <br />Armstrong Blvd. / S. EOP <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) That such proposed assessment, a copy of which is attached hereto and made a part <br />hereof, is hereby accepted and shall constitute the special assessment against the lands <br />named therein, and each tract of land therein included is hereby found to be benefited by <br />the improvement in the amount of the assessment levied against it. <br />2) That such assessment shall be payable in annual installments extending over a period of <br />ten years, the first of the installments to be payable with the first tax rolls of 2012 and <br />shall bear interest at the rate of 4.28 percent annum from the date of the adoption of this <br />assessment resolution. To the first installment interest shall be added on the entire <br />assessment from the date of this resolution until December 31, 2012. To each subsequent <br />installment, when due, interest shall be added for one year on all unpaid installments. <br />3) That the owner of any property so assessed may, at any time prior to certification of the <br />assessment to the Anoka County Auditor, pay the whole of the assessment on such <br />property, with interest accrued to the date of payment, to the City Finance Department, <br />Resolution #11 -10 -190 <br />Page 1 of 2 <br />