Resolution - #05-09-330 - 09/27/2005

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Cook introduced the following resolution and moved for its adoption: RESOLUTION #05-09-330 I4i%;()IJUTION ADOPTING ASSESSMENT FOR IMPROVEMENT PROJECT #05-07 (B1TIJ~\IINOUS OVERLAY OF SECTION 21 UNPLATTED ) WI! ERI,;AS, pursuant to proper notice duly given as required by law, the Ramsey City has met ttnd heard and passed upon all objections to the proposed assessment for the nont Ih'eject #05-07, which is Bituminous Overlay of Section 21 Unplatted. N()\V TIIi~;I~,EFOIIE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF I~ AMSF~Y, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) 'l'hat such proposed assessment, a copy of which is attached hereto and made a part h~:rcot; it hereby accepted and shall constitute the special assessment against the lands natncd therein, and each tract of land therein included is hereby found to be benefited by tl~c improvement in the amount of the assessment levied against it. 2~ '['hat such assessment shall be payable in annual installments extending over a period of ten years, tile ilrst of the installments to be payable with the first tax rolls of 2006 and .',;Imll bear interest at tile rate of 6.5 percent annum from the date of the adoption of this assessment resolution. To the first installment interest shall be added on the entire ;tsscssnqcnt from the date of this resolution until December 31, 2006. To each subsequent installment, when due, interest shall be added for one year on all unpaid installments. 'lhat the owner of any property so assessed may, at any time prior to certification of the ;tsscssmcnt to tile Anoka County Auditor, pay the whole of the assessment on such t~mpcrty, with interest accrued to the date of payment, to the City Finance Department, tzxccpt that no interest shall be charged if the entire assessment is paid within 30 days I'd'om the adoption of the entire amount of the assessment remaining unpaid, xvith interest ;~cct'ued to December 31 of the year in which such payment is made. Such payment must bc made before November 4, or interest will be charged through December 31 of the ~uccccding year. 'l'hat a certified duplicate of this assessment be transmitted to the Amoka County /\tlditor's Office to be extended on the property tax lists of the County and such ',~sscssmcnts shall be collected and paid in the same manner as other municipal taxes. ~n<>tion of the adoption of the foregoing resolution was duly seconded by Councilmember and upon vote being taken thereon, the following in favor thereof: Cook Resolution #05-09-330 Page 1 of 2