Resolution - #05-09-328 - 09/27/2005

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('ot~llCiJlllCtllhcr Cook introduced the following resolution and moved for its adoption: RESOLUTION #05-09-328 I-',ESOI,UTION ADOPTING ASSESSMENT FOR IMPROVEMENT PROJECT #05-05 AND CRACKFILL RAMSEY TERRACE ) '~Vltl,;REAS, pursuant to proper notice duly given as required by law, the Ramsey City has mot and heard and passed upon all objections to the proposed assessment for the np~'ovc~ncnt Project #05-05, which is Sealcoat and Crackfill of Ramsey Terrace. NOW TIII,;IIEFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF 14:.AMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: That such proposed assessment, a copy of which is attached hereto and made a part hcrcot; it hereby accepted and shall constitute the special assessment against the lands mm~ed therein, and each tract of land therein included is hereby found to be benefited by tl~o improvement in the alnount of the assessment levied against it. 2) 'lhat such assessment shall be payable in mmual installments extending over a period of throe ycars, the th'st o£ the installments to be payable with the first tax rolls of 2006 and shall bear interest at the rate of 6.0 percent annum from the date of the adoption of this asscssmcnt resolution. To the first installment interest shall be added on the entire assessment from the date of this resolution until December 31, 2006. To each subsequent inslalhncnt, when due, interest shall be added for one year on all unpaid installments. That the owner of any property so assessed may, at any time prior to certification of the :~sscssmcnt to the Anoka County Auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City Finance Department, except that no interest shall be charged if the entire assessment is paid within 30 days [i'otn the adoption of the entire amount of the assessment remaining unpaid, with interest ~tccrucd to December 31 of the year in which such payment is made. Such payment must he made before November 4, or interest will be charged through December 31 of the succeeding year. That a certified duplicate of this assessment be transmitted to the Anoka County Auditor's Office to be extended on the property tax lists of the County and such :tsscssmcnts shall be collected and paid in the same manner as other municipal taxes. '1 lie motion cC the adoption of the foregoing resolution was duly seconded by Councilmember I~carsCm, and upon vote being taken thereon, the following in favor thereof: (ou]~ci I~ncmher Elvig Resolution #05-09-328 Page 1 of 2