Resolution - #03-09-239 - 09/09/2003

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Councilmember Elvig introduced the following resolution and moved for its adoption: RESOLUTION #03-09-239 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT #03- TH 06 (BITUMINOUS OVERLAY OF 156 AVENUE (ARMSTRONG BOULEVARD TO VARIOLITE STREET) WHEREAS, a contract has been let and costs have been determined with reference to the TH Bituminous Overlay of 156 Avenue (Armstrong Boulevard to Variolite Street), and the expenses incurred or to be incurred in the making of such improvement amount to $25,097 so that the total cost of the improvement will be $25,097. 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 is hereby declared to be $12,097 and the portion of the cost to be assessed against benefited property owners is declared to be $12,097. 2) 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, 2003, 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. Treasury Rate. 3) That the City Administrator shall calculate the proper amount to be specially assessed for such improvement against every 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 resolution was duly seconded by Councilmember Pearson, and upon vote being taken thereon, the following voted in favor thereof: Councilmember Elvig Councilmember Pearson Councilmember Cook Councilmember Kurak Councilmember Strommen Councilmember Zimmerman