Resolution - #05-09-293 - 09/13/2005

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('ot~cilmcmbcr Cook introduced the following resolution and moved for its adoption: RESOLUTION #05-09-293 I,~I~;S()I,IJTION DECLARING COST TO BE ASSESSED AND ORDERING t' R I,; i'A RATION OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT #05- 04 CqI".AI.(7OAT AND CRACKFILL FLINTWOOD HILLS) WI I ERI~;AS, a contract has been let and costs have been determined with reference to the Ncalcoztt and Crackfill of' Flintwood Hills, and the expenses incurred or to be incun'ed in the taking ¢)1' such itnprovement amount to $14,458 so that the total cost of the improvement will be 14,45~. NOW TIIEREi;'OIII?~, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF I~ AiSISI,;Y, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the portion of' the cost of such improvement to be paid by the City of Ramsey is hereby declared to be $7,229 and the portion of the cost to be assessed against benefited property owners is declared to be $7,229. That the principal of the assessments shall be in annual installments extending over a pc~-iod of three years; the first of the installments to be payable on or before December 31, 2005, and shall bear interest, per annum from the date of the adoption of the assessment resolution, at thc rate of two (2) percent above the U.S. Treasury Rate. 'l'l~at the City Administrator shall calculate the proper amount to be specially assessed for such improvement against every assessable lot, piece or parcel of land within the district al'lk:ctcd, without regard to cash valuation, as provided by law, and shall file in the city o t'/Sccs a copy of such proposed assessment for public inspection. 4~ Tl~at ~he City Administrator shall, upon the completion of such proposed assessment, n{)ti l'y the Ramscy City Council thereof. ~1 hc tnolion for the adoption of the foregoing resolution was duly seconded by Councihnelnber t![vig, ami upon vote being taken thereon, the following voted in favor thereof: aml thc following voted against the same: Resolution #05-09-293 1 of 2