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CONTRACTOR <br />BASE <br />BID <br />ALTERNATE <br />BID <br />TOTAL <br />BID <br />Asphalt Surface Technologies <br />$249,901.55 <br />$12,601.70 <br />$262,503.25 <br />Northwest <br />$299,982.36 <br />$14,632.60 <br />$314,614.96 <br />Engineer 's Estimate <br />$190,942.75 <br />$10, 794.80 <br />$201, 737.55 <br />WHEREAS, pursuant to Ramsey City Council Resolution #19-113, adopted May 14, <br />2019, the bid of Asphalt Surface Technologies of Saint Cloud, Minnesota, in the amount of <br />$262,503.25 for the total bid for construction of the base bid improvements plus the alternate bid <br />improvements was accepted and a contract was let for said improvements; and <br />WHEREAS, pursuant to Ramsey City Council Resolution #19-217, adopted September <br />10, 2019, an assessment roll was ordered and an assessment hearing was called for October 8, <br />2019 for said improvements; and <br />WHEREAS, pursuant to proper notice duly given as required by law, the Council met, <br />heard and passed upon all objections to the proposed assessment for the reconstruction of streets <br />within the Ford Brook Estates residential development including 180th Lane from Highway <br />47/Saint Francis Boulevard to Krypton Street, and Krypton Street from 180th Lane to its termini <br />cul-de-sac, along with miscellaneous appurtenant improvements. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) Such proposed assessment, a copy of which is attached and incorporated herein, is <br />hereby accepted and constitutes the special assessment against the listed properties. Each <br />listed property is hereby found to be benefited by the proposed improvement in the <br />amount of the assessment levied against it. <br />2) Such assessment shall be payable in equal annual installments extending over a period <br />of 10 years, and shall bear interest at the rate of 3.90 percent per annum from the date of <br />the adoption of this assessment resolution. To the first installment shall be added interest <br />on the entire assessment from the date of this assessment resolution until December 31, <br />2020. To each subsequent installment when due shall be added interest for 1 year on all <br />unpaid installments. <br />3) The owner of any property so assessed may, at any time prior to certification of <br />the assessment to the County Auditor, pay the whole of the assessment on such <br />property, with interest accrued to the date of payment, to the City Finance Office, except <br />that no interest shall be charged if the entire assessment is paid before November 15, <br />2019. Such payment must be made by November 15 or interest will be charged through <br />December 31 of the succeeding year. In subsequent years, the property owner may at <br />any time pay to the City the balance of the assessment remaining unpaid after the <br />current year, provided such payment is made before November 15. <br />Resolution #19-236 <br />Page 2 of 3 <br />