Resolution - #05-09-332 - 09/27/2005

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('ot~ci I~tcmbcr glvig introduced the follo~ving resolution and moved for its adoption: RESOLUTION #05-09-332 UTI ON ADOPTING ASSESSMENT FOR IMPROVEMENT PROJECT #05-23 I.]BON'f STREET AND UTILITY IMPROVEMENTS BETWEEN 137TM AVENUE AND lflVl~il{llAl,l,; I)RIVE) WI II~;REAS, 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 l~nprovc~ncnt Project #05- 23, which is Ebony Street and Utility Improvements between 137th ',md Rivcrdalc Drive. ~Xi)W TI II~;I/I,;I:ORI,;, liE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ICAf~,ISEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: I) That such proposed assessment, a copy of which is attached hereto and made a part hcrcof, it hereby accepted and shall constitute the special assessment against the lands mm~cd therein, and each tract of land therein included is hereby found to be benefited by thc iml3rovcment in the amount of the assessment levied against it. 'l'hat such assessment shall be payable in annual installments extending over a period of Ion years, the first of the installments to be payable with the first tax rolls of 2006 and sl~all bear interest 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 :tsscssmcnt from the date of this resolution until December 31, 2006. To each subsequent i~tslalhnent, when due, interest shall be added for one year on all unpaid installments. 3) 'l'hat the owner of any property so assessed may, at any time prior to certification of the a~;scssmcnt to tiao 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'rom thc adoption of the entire an-tount of the assessment remaining unpaid, with interest accrc~cd 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 stlccccding year. That a cot-tiffed duplicate of this assessment be transmitted to the Anoka County Attditor's OFfice to be extended on the property tax lists of the County and such assessments shall be collected and paid in the same manner as other municipal taxes. '11~c motion of tiao adoption of the foregoing resolution was duly seconded by Councilmember ['ca r~;oll, mid ttpon vote being taken thereon, the following in favor thereof: Resolution #05-09-332 Page 1 of 2