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WHEREAS, pursuant to Ramsey City Council Resolution #20-130 adopted June 23, <br />2020, the City Council accepted bids and awarded a contract to Douglas -Kerr Underground, <br />L.L.C. of Mora, Minnesota, in the amount of $622,062.11 for construction of said improvements <br />in accordance with the approved plans and specifications and advertisement for bids; and <br />WHEREAS, pursuant to Ramsey City Council Resolution #20-195, adopted September <br />8, 2020, an assessment roll was ordered and an assessment hearing was called for October 13, <br />2020 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 street, trail, and trunk utility <br />improvements to approximately 1,050 feet of Puma Street between 150th Lane NW and Alpine <br />Drive NW, 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 5 years, and shall bear interest at the rate of 2.27 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 />2021. To each subsequent installment when due shall be added interest for 1 year on all <br />unpaid installments. <br />3 <br />4 <br />) <br />) <br />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 16, <br />2020. Such payment must be made by November 16 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 16. <br />The City Clerk shall transmit a certification of this assessment to the Anoka <br />County Auditor's Office to be extended on the property tax lists of the County. Such <br />assessments shall be collected and paid in the same manner as other municipal taxes. <br />Resolution #20-229 <br />Page 2 of 3 <br />