Resolution - #88-162 - 08/23/1988

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Councilmember $orteberg introduced the following resolution and moved for its adoption: RESOLUTION #88-162 RESOLUTION ~d3OPTING ASSESSMENT (Improvement Project #87-23 - Hunter's Hill Streets) WHERE~S, pursuant to proper notice duly given as required by law, the Ramsey City Council has met and heard and passed upon all objections to the proposed assessment for the following street improvement: a) Urdniurrl Street N.W. between 143rd Lane N.W. and 144th Avenue N.W. b ) I43rd Lane N.W. between Uranium Street N.W. and Sunfish Lake Blvd. N.W. (A~()ka County #57). c) 144th Avenue N.W. between Uranium Street N.W. and Sunfish Lake Blvd. N.W. (Al~oka County #57). d) 144th Lane N.W. lying in the Hunter's Hill subdivision. e) Wolfram Street N.W. lying in the Hunter's Hill subdivision. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) Thal such proposed assessment, a copy of which is attached hereto and made a part hereof, is tmreby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed in the amount of the assessment levied against it. 2) Thai such assessment shall be payable in equal annual installments extending over a period of ten years, the first of the installments to be payable on or before the first Monday ih January, 1989 and shall bear interest at the rate of 8.56 per cent 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, 1989. To each subsequent installment when due shall be added interest fo~' cme year on all unpaM installments. 3) Thai thc. owner' of any property so assessed may, at any time prior to certification of the assessment to the 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 th~--..t no interest shall be charged if the entire assessment is paid within 30 days frem the adoption of this resolution; and he may, at any time thereafter, pay to the City Finance Department the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made i~efore October 10, 1988, or interest will be charged through December 31 of lhe n,×~- st¢cceeding year. 4) Transmil ~, certified duplicate of lhis assessment to the Anoka County Auditors office to be extendrCd on the proper tax lists of the County, and such assessments shall be collected and paid over' in the same manner as other municipal taxes.