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Councilmember Sorteberg introduced the following resolution and <br />moved for its adoption: <br /> <br />RESC~UTION #85-183 <br /> <br />RES~UTION ADOPTING ASSESSMENT (PINEVI~ ESTATES #85-11) <br /> <br /> WHEREAS, pursuant to proper notice duly given as <br />required by law, the Ramsey City Council has met and heard and <br />passed upon all objections to the proposed assessment for the <br />sealcoating improvement of the following streets: <br /> <br />1) 149th Avenue N.W. between Ramsey Blvd N.W. <br />(County Road ~56) and Uranimite Street N.W. <br /> <br />2) 149th Lane N.W. between 150th Lane N.W. east <br />to its end at the cul-de-sac. <br /> <br />3) Uranimite Street N.W. between 149th Avenue <br />N.W. and 150th Lane N.W. <br /> <br />4) Peridot Street N.W. between 149th Avenue N.W. <br />and 150th Lane N.W. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />Rk~S~, ANOKA (DUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> 1) That such proposed assessment, a copy of which is <br />attached hereto and made a part hereof, is hereby accepted and <br />shall constitute the special assessment against the ands na~ed <br />herein, and each tract of land therein included in hereby found <br />to be benefited by the proposed improvement in the amount of the <br />asses~ent levied against it. <br /> <br /> 2) That such assessment shall be payable in equal <br />annual installments extending over a period of three years, the <br />first of the installments to be payable on or before the first <br />Monday in January, 1986 and shall bear interest at the rate of <br />8.65 per cent annum from the date of the adoption of this <br />assessment resolution. To the first installment shall be added <br />interest on the entire assessment from the date of this <br />resolution until December 31, 1986. To each subsequent <br />installment when due shall be added interest for one year on all <br />unpaid installments. <br /> <br /> 3) The owner of any property so assessed may, at any <br />time prior to certification of the assessment to the county <br />auditor, pay the whole of the assessment on such property, with <br />interest accrued to the date of payment, to the city treasurer, <br />except that no interest shall be charged if the entire assessment <br />is paid within 30 days from the adoption of this resolution; and <br />he may, at any time thereafter, pay to the city treasurer the entire <br />amount of the assessment remaining unpaid, with interest accrued <br />to December 31 of the year in which such payment is made. Such <br />payment must be made before November 14 or interest will be <br />charged through December 31 of the next succeeding year. <br /> <br />Page I of 2 <br /> <br /> <br />