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Counci~!.~,,l>c-~: Cox introduced the following resolution and moved <br />for <br /> <br />RESOLUTION #87-223 <br /> <br />RESOLUT)0M A'3OPTING ASSESSMENT (#87-7 - 158th Lane and Kamacite <br />Street :q~,g~ <br /> <br /> ~,IH]~iEAS, pursuant to proper notice duly given as <br />require.r: [,,/ ]~:w~ the Ramsay City Council has met and heard and <br />passed . ;~. ~,]i[ objections to the proposed assessment for the <br />fo~]_owi-q.. ~.i~ ~:~t sealcoati~g improvement: <br /> <br />~) 159th Lane N.W. between Kamacite Street N.W. <br />,,~:si- to its end <br /> <br />h) 158th [I,ane N.W. between Kamacite Street N.W. <br />and Ramsay Blvd. N.W. (Anoka County Road #56 ) <br /> <br />~.) Kamacite Street N.W. between 158th Lane N.W. <br />mid 159th L~me N.W. <br /> <br />NOW TH~RE!i'O]~Ii, BE IT RESOLVED BY THE CITY COUNCIL OF TME CITY OF <br />RAMSEY, ANo~A COUNTY~ STATE OF MINNESOTA, as follows: <br /> <br /> i) ,.'hat such proposed assessment, a copy of which is <br />at~ch~d hr_~,~to and made a part hereof, is hereby accepted and <br />shall co~,,~ii ~.ute the special assessment against the lands named <br />therein,., ,,'c~ ~ach tract of ].and therein included in hereby found <br />to be be..,::~'J~::~d by the proposed improvement in the amount of the <br />assesssr,,e~; ~:.ied against it. <br /> <br /> ?) vhai sucl~ assessment shall be payable in equal <br />ann. ua] i~,~i ~ Iment'.s extending over a period of three years, the <br />first of ~.~'~,~ installments to be payable on or before the first <br />Mondz~y ir )~uary, 1988 and shall bear interest at the rate of <br />8.60 pa, ~' a~num :i/rom the date of the adoption of this <br />assessm,~ ,~ ,~ r~olution~ To the first installment shall be added <br />intere.~;~ ,~ the ent.[~e assessment from the date of this <br />reso!u~:~',~: :,.ntil December 31, 1988. To each subsequent <br />insta!],;.~,i: ~.~en due shall be added interest for one year on all <br />unpaid <br /> <br /> ~:.) ':hat the owner of any property so assessed may, at <br />any tlm~ ?,~i :,~' to certification of the assessment to the Anoka <br />County A~,~iii,~',, pay the whole of the assessment on such property, <br />with ;n'.~.~ dec,cued to the date of payment, to the City Finance <br />Del)art. r,~,t~ ~::c~,,pt that no interest shall be charged if the <br />entire .~s~; ;:~ '.'~te~t is paid within 30 days from the adoption of <br />this ~:e~,ii~ i i~n; and he may, at any time thereafter, pay to the <br />City Fi~,~...~: OeI, artment the entire amount of the assessment <br />remai.~[t,~: ~t. ,.oi.d, with interest accrued to December 31 of the <br />year [~ w!; ~"~ such payment is made. Such payment must be made <br />Resolution #87-223 <br /> <br />Page 1 of 2 <br /> <br /> <br />