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('ou~cilmcmber Cool( introduced tine following resolution and moved for its adoption: <br /> <br />RESOLUTION #05-09-289 <br /> <br />I~:ES()I,UTION DECLARING COST TO BE ASSESSED AND ORDERING <br />P R I,'. I'A RAT! O N O F PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT #05- <br />2.; EB¢)NY srI'REF. T AND UTILITY IMPROVEMENTS BETWEEN 137T~4 AVENUE <br />,.X, NI) I;HVERDALE DRIVE <br /> <br />WI I EREAS, a contract }las been let and costs have been determined with reference to the Ebony <br />%trcct Improvcments, and the expenses incurred or to be incurred in the making of such <br />i~l)mVcmcnt anlotlnt to $277,530 so that the total cost of the improvement will be $277,530. <br /> <br />~()W TIII~;i{EI~'ORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />Il A MS E Y, A NOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> thc port/on o£ the cost of such improvement to be paid by the City of Ramsey is <br />hca'thy declared to be $172,552 and the portion of the cost to be assessed against benefited <br />property oxw~ers is dcclared to be $104,978. <br /> <br />2) <br /> <br />That thc principal of the assessments shall be in annual installments extending over a <br />pc~-iod of ten ycars; the first of the installments to be payable on or before December 31, <br />2005, and shall bear interest, per armum from the date of the adoption °f the aSsessment <br />rcso I u ti on, at t h e rate o f two (2) percent above the U~ S, Treasury:Ratei <br /> <br />3) <br /> <br />~l'hat thc City Administrator shall calculate the proper amount to be specially assessed for <br />stroh improvement against every assessable lot, piece or parcel of land ~vithin the district <br />atTcctcd, witlnout regard to cash valuation, as provided by law, and shall file in the city <br />o/'rices a copy of sucln proposed assessment for public inspection. <br /> <br />4) <br /> <br />'l'hat the City Administrator shall, upon the completion of such proposed assessment, <br />re)ti t~y tile Ramsey City Council thereof. <br /> <br />'1 hc n~otiOla Cot' tile adoption of the foregoing resolution was duly seconded by Councilmember <br />l:lvig, a~d upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gamec <br />(iouncilmembcr Cook <br />(iotmcilmember Elvig <br />( 'ouncilmcmber Jeffi'ey <br />('ouncilmember Olson <br />( ~ouncihnember Pearson <br />('ouncilmcmbcr Strommen <br /> <br />and thc following voted against the same: <br /> <br />Resolution #05-09-289 <br /> 1 of 2 <br /> <br /> <br />