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RESOLUTION #41 Motion by Councilman Reimann seconded by Councilman Mickelson to adopt the following resolution: RESOLUTION ADOPTING ASSESSMENT # FOR CONSTRUCTION PROJECT #78-3 ~-IEREAS, pursuant to proper notice duly given as required by law, the Council has met and heard and passed upon all objections to the pro- posed, assessment for the improvement of the following streets which are located in the East ~ of the NE~ of Section 15, Township 32, Range 25 and the SE~ of SE~ of Section 10, Township 32, Range 25, and specifically the following streets located in these sections. 1) 164th Lane N.W. lying between Yttrium Street on the East and Azurite Street on the West 2) 162nd Avenue lying between Yttrium Street N.W. on the East and Azurite Street on the West 3) 166th Lane N.W. lying between Yttrium Street N.W. on the East and Zirconium Street N.W. on the West 4) Azurite Street lying between between County State Aid No. 5 (Nowthen Blvd. N.W.) on the South and 164th Lane N.W. on the North 5) Zirconitm~ Street N.W. lying between 162nd Avenue on the South and 166th Lane N.W. on the North 6) Yttrium Street N.W. between 162nd Avenue on the South and 167th Avenue N.W. on the North NOW ~-~FORE, BE IT RESOLVED BY THE CITY COUNCIL OF RAMSEY, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assess- ment against the lands named therein, and each tract of land therein in- cluded is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extend~ lng over a period of ten years, the first of the installments to be pay- able on or before the first Monday in January, 1979 and shall bear interest at the rate of seven (7) per cent annum from the date of the adoption of this assessment resolution. To the first installment shall be added in- terest on the entire assessment from the date of this resolution until December 31, 1988. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. ~e owner of any property so assessed may, at any time prior to cer~ tification of the assessment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the city treasurer, except that no interest shall be charged if the en- assessment is paid within 30 days from the adoption of this resolution; and he may, ~t any time thereafter, pay to the city treasurer the entire amountXof th% assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year.