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Cotmcilmember <br /> <br />introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #05-09-XXX <br /> <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING <br />PRE PARATION OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT #05- <br />I)8 (BITUMINOUS OVERLAY SORTEBERG'S 4TM ADDITION, SORTERG'S 5T~I <br />ADDITION) <br /> <br /> WHEREAS, a contract has been let and costs have been determined with reference to the <br />Bituminous Overlay of Sorteberg's 4th Addition, Sorterberg's 5th Addition the expenses incurred <br />or to be incurred in the making of such improvement amount to $31,850 so that the total cost of <br />thc improvement will be $31,850. <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 thc portion of the cost of such improvement to be paid by the City of Ramsey is <br />hereby declared to be $15,925 and the portion of the cost to be assessed against benefited <br />property owners is declared to be $15,925. <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 />2005, 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 />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 />q'hat the City Administrator shall, upon the completion of such proposed assessment, <br />notify the Ramsey City Council thereof. <br /> <br />Thc 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 thc [bllowing voted against the same: <br /> <br />ami thc lbllowing abstained: <br /> <br />and thc tbllowing were absent: <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this the 13th day of September 2005. <br /> <br />Resolution #05-09-XXX <br /> 1 of 2 <br /> <br /> <br />