Resolution - #80-139 - 10/15/1980

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Councilman Cox introduced the following resolution and moved for its adoption: RESOLUTION #80-139 RESOLUTION ADOPTING ASSESSMENT WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment for the improvement of the following streets: a) Kangaroo Street N.W. lying between 151st Lane N.W. and 153rd Avenue N.W. o) Iguana Street N.W. lying in the Northwest Quarter of the Southeast Quarter of Section 20, Township 32, Range 25 lying South of 151st Lane N.W. 151st Lane N.W. lying in the North Half of the Southeast Quarter of Section 20, Township 32, Range 25, lying East of Kangaroo Street N.W. Ail of the above streets are located in the: North Half of the Southeast Quarter of Section 20, Township 32, Range 25. NOW THEREFORE, BE IT RESOLVED BY TH~ CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included in hereby found to be benefited by the proposed improve- ment in the amount of the assessment levied against it. 2) Such assessment shall be payable in equal annual install- ments extending over a period of ten years, the first of the installments to be payable on or before the first Monday in January, 1981 and shall bear interest at the rate of eight and one-half (8½) percent annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 1990. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3) The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the city treasurer, except that no interest shall be charged if the entire assessment is paid within thirty (30) days from the adoption of this resolution; and he may, at any time thereafter, pay to the city treasurer the entire amount of the assessment remaining ~npaid, with in- terest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 14 or interest will be charged through December 31 of the next succeeding year.