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Councihnember <br /> <br />introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #04-09-XXX <br /> <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING <br />PREPARATION OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT #04- <br />02 (SEALCOAT AND CRACKFILL OF SEC. 11, MISC. PLATS, SEC. 14&15, <br />MENVELD'S UNPLATTED) <br /> <br /> WHEREAS, a contract has been let and costs have been determined with reference to the <br />SEALCOAT AND CRACKFILL OF SEC. 11, MISC. PLATS, SEC. 14&15, MENVELD'S <br />UNPLATTED, and the expenses incurred or to be incurred in the making of such improvement <br />amount to $30,506 so that the total cost of the improvement will be $30,506. <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) <br /> <br />That the portion of the cost of such improvement to be paid by the City of Ramsey is <br />hereby declared to be $15,253 and the portion of the cost to be assessed against benefited <br />property owners is declared to be $15,253. <br /> <br />2) <br /> <br />That the principal of the assessments shall be in annual installments extending over a <br />period of' three years; the first of the installments to be payable on or before December 31, <br />2004, and shall bear interest, per annum from the date of the adoption of the assessment <br />resolution, at the rate of two (2) percent above the U.S. Treasury Rate. <br /> <br />3) <br /> <br />That the City Administrator shall calculate the proper amount to be specially assessed for <br />such improvement against every assessable lot, piece or parcel of land within the district <br />affected, without regard to cash valuation, as provided by law, and shall file in the city <br />offices a copy of such proposed assessment for public inspection. <br /> <br />4) <br /> <br />That the City Administrator shall, upon the completion of such proposed assessment, <br />notify the Ramsey City Council thereof. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember, <br />and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />and the following abstained: <br /> <br />and the following were absent: <br /> <br />Resolution #04-09-XXX <br /> 1 of 2 <br /> <br />-t29- <br /> <br /> <br />