Resolution - #05-02-065 - 02/22/2005

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Councilmember Elvig introduced the following resolution and moved for its adoption: RESOLUTION 05-02-065 CITY OF RAMSEY ANOKA COUNTY, MINNESOTA RESOI,UTION ADOPTING ASSESSMENTS FOR THE RAMSEY TOWN CENTER ADDITION CITY PHASE I ROADWAY IMPROVEMENTS. WHEREAS, pursuant to proper notice duly given as required by law, the City Council has mci and heard and passed upon all objections to the proposed assessment for the City Phase I Roadway Improvements (the "Improvement"). The Improvement is further identified in that certain Feasibility Report dated April 20, 2004 prepared by Hakanson Anderson Assoc, h~c., a copy of which is on file for public inspection at the City of Ramsey Municipal Center, 15153 Nowthen Boulevard NW, Ramsey, Minnesota during normal business hours. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF RAMSEY, MINNESOTA: l. Such proposed assessment, a copy of which is attached hereto and made a part hereof; is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. The special assessment will be payable in a single installment, but the City will defer thc obligation to pay the special assessment until the earlier of (i) the date three years after the date of this Resolution or (ii) the date the City approves a final plat replatting all or a portion of the 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 RAMSEY TOWN CENTER 5TM ADDITION which has received final plat approval from the City Council bt~t which is being modified and will be reapproved prior to being recorded. Interest will accrue on the unpaid balance of the deferred special assessment at the rate of 6.3% per annum. If assessed lands are replatted, the special assessment will be due only with respect to the tax parcel or parcels that include all of a portion of the assessed lands that are being replatted and the special assessment will remain deferred for the balance of the assessed lands. 3. The owner of any property so assessed may, at any time prior to certification 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 Finance Officer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and owner may, at any time thereafter, pay to the City Finance Officer the entire amount of the 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. RESOLUTION #05-02-065 Page 1 of 3