Agenda - Council - 02/22/2005 - Laserfiche WebLink

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Councilmember ~ ~ : ~,introduced the following resolution and moved for its adoption: 'i: .' ' RESoLUTiON 05-02 cI ;OF MSE¥ cOtJ rY, mNN SOTA RESOLUTION ADOPTINGAss~ssMENTs FOR THE ~MSEY TOWN CENTER ADDITION CITY PHASE II ~O~WAY IMPROVEMENT. WHEREAS, pursuant to proper notice ]duly given as required by law, the City Council has met and heard and passed uD0n all °bje~tions to the proposed assessment for the City Phase Il Roadway Improvements (the '~mpr°veMOnt"). The Improvement is ~h¢r identified in that ce~ain Master Development Agreement be~een thc CitY :of Ramsey and Ramsey Town Center, LLC dated September 17, 2003, a ¢0Py of wM~h is on file for public inspection at thc City of ~amsey Municipal Cent¢~, 1S 153 Nowthcn Boulevard ~, Ramsey, Mi~mesota during normal business ho~rs. NOW, THE~FO~,. B~ IT. ~SOLVED BY THE CITY COUNCIL OF RAMSEY, MINNESOTA: ; : 1. Such proposed ass~ssment,;a copy of which is attached hereto and made a pm-t hereof, is hereby accepted and shall ConStitute ]th¢ special assessment against the lands named therein, and each tract of land th~eM included is hereby found to be benefited by the proposed improvement in the amount of the ~sessmcnt levied against it. 2. The special assessment will bePayable in a single installment, but the City will defer the obligation to pay the special ~seSsment until the earlier of (i) the date three years after the date of this Resolution or (ii) the date tho City approves a final plat replatting all or a portion of thc assessed lands. Clause (ii) of the Preceding sentence does not apply to final plats the city approved prior to the date of this;Resolution and does not apply to the final plat of ~SEY TOWN CENTER 5TM ADDITION Which has received final plat approval from thc City Council but which is being modified and ~ill be reappr6ved pfor to being recorded. [~terest will accrue on the unpaid balance of the def¢~ed special assessment at the rate of 6.3% per a~um.] assessed lands are replatted, the sPecial assessment wiil be due oMy with respect to the tax parcel or parcels that include all of a p0~i°n o~ thc assessed lands that are being replatted and the special assessment will remain deleted for~the balance of the assessed lands. The owner of any proPertY s° ~Sesscd may, at any time prior to ce~ification of thc assessment to the County AUditor, pay~ the Whole of the assessment on such property, with interest accrued to the date of pa~ent, to the City Finance Officer, except that no interest shall be charged if the entire asscssmem is paid'witMn 30 days kom the adoption of this resolution; and owner may, at any time therOa~¢C, Pay, to thc City Finance Officer the entire amount of the assessment remaining unpaid, with interes~ accrued to December ~1 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 o~ the next succeeding year.