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CouncilmcmberL ; introduced the following resolution and moved for irs adoption: <br /> RESOLUTION #92-09- <br />RESOLUTI°N DI~CLARING COST TO BE ASSESSED AND ORDERING PREPARATION <br />OF PROPO~I~,~D .~SSESSMENT FOR IMPROVEMENT PROJECTS g91-13 & #91-14 (CITY <br />WATER, iSiM~TAliY SEWER, STORM SEWER, PARKS AND STREET IMPROVEMENTS <br />FOR CHE$~TNU~HILLS, CEDAR HILLS, WINDEMERE WOODS, AND CHESTNUT <br />PONDS ADD[TIQNS AND TRUNK LINES FOR WOOD PONDS HILLS AND SUNNY <br />PONDS ADDITIONS) <br /> <br /> WHEREAS,~' a contract has been let and costs have been determined with reference to the City <br />water, sanitary ~ewei, storm sewer and street improvements to Chestnut Hills, Cedar Hills, Windemere <br />Woods, and ChesmU~Ponds Additions and trunk lines for Wood Pond Hills and Sunny Ponds Additions and <br />the expenses trlc0rred, or to be incurred in the'making of such improvement amount to $1,858,904.00 so that <br />the total cost of ~e in~provement will be $1,858,904.00. <br />NOW THEREFoI~E, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, A'~OK$ COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1 ) That theisorti°n of the cost of such improvement to be paid by the City of Ramsey is hereby declared <br /> to be $ ~ 0 - afld the portion of the cost to be assessed against benefited property owners is declared to <br /> be $2,04,6,948i00. The difference between the assessment and total project cost will be applied to past <br /> and futur~ expenses associated with the extension of trunk utilities. <br /> <br />2) That the PrinCipal of the assessments shall be in annual installments extending over a period of five <br /> years; therfirst~of the installments to be payable on or before May 15, 1993 and shall bear interest at the <br /> rate of 8% per[annum from the date of the adoption of the assessment resolution. <br /> <br />3) That the CitY[Administrator shall, upon the completion of such proposed assessment, notify the <br /> Ramsey City ¢. ouncil thereof. <br />The motion forithe ad%tion of the foregoing resolution was duly seconded by Councilmember <br />and upon vote betng t~en thereon, the following voted in favor thereof: <br /> <br />and the following vote~l against the same: <br />and the followingwer{ absent: <br />and the following abs ~tafined: <br /> <br />whereupon said resolu}ion was declared duly passed and adopted by the Ramsey City Council this the 8th day <br />of September, i9~2. ' ~ <br /> <br />Mayor <br /> <br />ATTEST: <br /> <br />City Administrator <br /> <br /> <br />