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RESOLUTION ~89-08 <br /> <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPA3%ATION <br />Ot PROPOSED ASSESSMENT (~89-2, 156TH AVENUE N.~. STREET <br />I~PROVEMENT) <br /> <br /> WHEREAS, a contract has been let and costs have been <br />determined with reference to the street improvement of 156th Avenue <br />N.W. and the contract price for such improvements is $39,688.75 and <br />the expenses incurred or to be incurred in the making of such <br />improvement amount to $10,319.09 so that the total cost of the <br />improvement will be $50,007.84. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> 1) The portion of the cost of such improvement to be paid <br />by the City of Ramsey is hereby declared to be $0.00 and the <br />portion of the cost to be assessed against benefited property <br />owners is declared to be $50,007.84. <br /> <br /> 2) Assessments shall be in e.~ual annual installments <br />extending over a period of 10 years, the first of the installments <br />to be payable on or before May 15, 1990 and shall bear interest at <br />the rate of 8.1 percent per annum from the date of the adoption cf <br />the assessment resolution. <br /> <br /> 3) The City Administrator shall upon the completion of such <br />proposed assessment, notify the Ramsey City Council thereof. <br /> <br />The motion for the adoption of the foregoing resolution was duly <br />seconded by Councilmember and upon vote being <br />taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />and the following were absent: <br /> <br />and the following abstained: <br /> <br />whereupon said resolution was declared duly passed and adopted by <br />the Ramsey City Council this the !5th day of August, 1989 <br /> <br /> <br />