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RESOLUTION ~89-08 <br /> <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION <br />OF PROPOSED ASSESSMERT (~89-10, HE¥~TITE STREET IMPROVEMENT) <br /> <br /> WHEREAS, a contract has been let and costs have been <br />determined with reference to the stree% improvement of Hematite <br />Street and the contract price for such improvements is $7,893.75 <br />and the expenses incurred or to be incurred in the making of such <br />improvement amount to $2,368.13 so that the total cost of the <br />improvement will be $10,261.88. <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 portJ, on 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 tc be assessed against benefited property <br />owners is declared tc be $10,261.88. <br /> <br /> 2) Assessments shall be in equal annual installments <br />extending over a period of ten 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 of <br />the assessment resolution. <br /> <br /> 3) The City Administrator shall upon the completion of suck <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 15th day of August, 1989 <br /> <br /> <br />