Resolution - #81-129 - 09/08/1981

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Councilmember Van Wagner introduced the following resolution and moved for its adoption: RESOLUTION #81-129 RESOLUTION ADOPTING ASSESSMENT WHEREAS, pursuant to proper notice duly given as required by law, the Ramsey City Council has met and heard and passed upon all objections to thc proposed assessment for the improvement of the following streets: a) 153rd Lane N.W. lying in the Northeast Quarter of Section 22, Township 32, Range 25 and the Northwest Quarter of Section 23, Township 32, Range 25, lying West of Sunfish Lake Blvd. b) 154th Lane N.W. lying between Hematite $treet N.W. and Xenon Street N.W. c) Zirconium Street N.W. lying between 153rd Lane N.W. and 154th Lane N.W. d) Xenon Street N.W. lying between 153rd Lane N.W. and 154th Lane N.W. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL, 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 improvement in the amount of the assessment levied against it. 2) Such assessment shall be payable in equal installments ex- tending over a period of ten years, the first of the installments to be payable on or before the first Monday in January, 1982, and shall bear in- terest at the rate of nine (9) per cent annum from the date of the adoption of this assessment resolution. To the first installment shall be added in- terest on the entire assessment from the date of this resolution until December 31, 1991. 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 pay- ment, 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 unpaid, 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.