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RESOLUTION %89-07 <br /> <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPAPJ%TION <br />OF PROPOSED ASSESSMENT (~89-7 BEAUDRY'S SECOND ADDITION STREET SEAL <br />COATING IMPROVEMENT) <br /> <br /> WHEREAS, a contract has been let and costs have been <br />determined with reference to the street improvements in the plat <br />of Beaudry's Second Addition and the contract price for such <br />improvements is $6,043.41 and the expenses incurred or to be <br />incurred in the making of such improvement amount to $1,087.81 so <br />that the total cost of the improvement will be $7,131.22. <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 by <br />the City of Ramsey is hereby declared to be $226.39 and the portion <br />of the cost to be assessed against benefited property owners is <br />declared to be $6,904.83. <br /> <br /> 2) Assessments shall be in equal annual installments <br />extending over a period of three years, the first of the <br />installments to be payable on or before May 15, 1990 and shall bear <br />interest at the rate of 8.0 percent per annum from the date of the <br />adoption of 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 taken <br />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 25th day of July, 1989. <br /> <br /> <br />