Resolution - #89-07-172 - 07/25/1989

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Counci.}me~hec Pearson introduced the following resolution and moved for its adoption: RESOLUTION %89-07-172 RESOLUTION 0ECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSE[} ASSESSMENT (#89-6 RODEO HILLS ESTATES STREET SEAL COATING IMPROVEMF,~iT } WHEP,~'.AS~ a contract has been let and costs have been determined with re~!erenc~ to the street improvements in the plat of Rodeo Hills Estates a~d !~he contract price for such improvements is $6,563.70 and the e×~e~.~es incurred or to be incurred in the making of such improvemei~[~ a, aount to $1,181.46 so that the total cost of the improvemen~ wi_Il be $7,745.16. NOW THERE?OR~ BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: ~) The p-~rtion of the cost of such improvement to be paid by the Cit9~ of l-~msey is hereby declared to be $0.00 and the portion to be paid b~ 2 outlets is $3,896.00 and the portion of the cost to be assessed ag~i~st benefited property owners is declared to be $3,849.]6~ 2) Ass~sments shall be in equal annual installments extending over a pe',?]~l of three years, the first of the installments to be payable o~] ~< before May 15, 1990 and shall bear interest at the rate of 8~0 percent per annum from the date of the adoption of the assessmenl. ~'~o].ution. 3) T]i<: C;il;y Administrator shall upon the completion of such proposed as~easment, notify the Ramsey City Council thereof. The mol;io~ Io} the adoption of the foregoing resolution was duly seconded }(.? (leuncilmember Cich and upon vote being taken thereon, the fo] lo~i~,q voted in favor thereof: Counci)m~,mber Pearson Coun~:'~]member Cich Counc~]member DeLuca Coun~:[]m(m~er Peterson and the f~,~i ]~r,~,~ng voted against the same: and the ?c3 i~,~ing were absent: and the ~-o].]ewiag abstained: