Resolution - #05-09-331 - 09/27/2005

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( 'o u tici/~q ember Cook introduced the following resolution and moved for its adoption: RESOLUTION #05-09-331 I,~i~SOI,UTION ADOPTING ASSESSMENT FOR IMPROVEMENT PROJECT #05-08 ([I['['IJglINOUS OVERLAY SORTEBERG'S 4TM ADDITION, SORTEBERG'S 5TM .,'[ I)I)I'I'ION ) WIIlCREAS, pursuant to proper notice duly given as required by law, the Ramsey City has met and heard and passed upon all objections to the proposed assessment for the I~'~]t)r()vctncnt Projcct #05-08, which is Bituminous Overlay of Sorteberg's 4th Addition, NOW TIIEI/I~;I*'OIIE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF R A MS1CV, ANOKA COUNTY, STATE OF MINNESOTA, as follows: ]} 'l'hat stroh 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 nttmcd therein, and each tract of land therein included is hereby found to be benefited by thc improvement in the amount of the assessment levied against it. 'l'hat such assessment shall be payable in mmual installments extending over a period of ten years, the first of the installments to be payable with the first tax rolls of 2006 and .~lmll bear intercst at the 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 ~sscssmcnt from the date of this resolution until December 31, 2006. To each subsequent i~stallment, when due, interest shall be added for one year on all unpaid installments. 'l'hat 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 pml)erty, 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't'om the adoption of the entire amount of the assessment remaining unpaid, with interest a~:crued to Dccember 31 of the year in which such payment is made. Such payment must made before November 4, or interest will be charged through December 31 of the :4tlccccding ycar. 'l'hat a ccrtiticd duplicate of this assessment be transmitted to the Anoka County At~ditor'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. 'l h~: m~;lion of thc adoption of the foregoing resolution was duly seconded by Councilmember I)~:a~rso~l, and upon vote being taken thereon, the following in favor thereofi Resolution #05-09-331 Page 1 of 2