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RESOLUTION #42 CITY OF RAMSF. Y COUNTY OF ANOKA STATE OF MINNESOTA Motion by Councilman Mickelson seconded by Councilman Muller to adopt the £oliowing resolution: RESOLUTION ADOPTING ASSESSmeNT # FOR CONSTRUCTION PROJECT #78-4 ~-~REAS, 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 streets located in Whispering Pines Estates. NOW TIIE, I~iFORE, 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 cluded is hereby found to be benefited by the proposed improvement in the amount of the assessment ].evied against it. 2. Such assessment shall be payable in equal annual installments extend- ing over a period of ten years, the first of the installments to be pay- ab].e 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. ~he 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- tire assessment is paid within 30 days from the adoption of this resolution; and he may, at any time thereafter, pay to the city treasurer the entire amount of the assessment remaining unpaid, with interest accrued to Dece~er 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. 4. The clerk shall forthwith transmit a certified duplicate of this assess- ment to the county auditor to be extended on the proper tax lists of the county and such assessments shall be collected and paid over in the same manner as other municipal taxes. Adopted by the Council this 27th day .of-'~ovember, 1978.