Resolution - #89-09-238 - 09/05/1989

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Com~ciln~c~ ~b,:~' l )c[.uca introduced the following resolution and moved for its adoption: RESOLUTION #89-09-238 RES()I,tD II)N ADOPTING ASSESSMENT (IMPROVEMENT PROJECT #87-18 AND #8,%9 .. IMPROVEMENTS TO FRONT STREET N.W., TUNGSTEN STREET Iq~VV.~, AND SUNFISIt LAKE BLVD. N.W.) ~,¥ l tI,;REAS, pursuant to proper notice duly given as required by law, the Ramsey City ('.tm re:i! l~; ,net and heard and passed upon all objections to the proposed assessment for the frfllowi n~.. imI >~ ~>v,~',~ no,ars: Tungsten Street N.W. between U.S. Highway #10 N.W. and Front Street l,) l;ront Street N.W. and 138th Avenue N.W. between Tungsten Street N.W. and Feldspar Street N.W. Sunfish Lake Blvd. N.W. between U.S. Highway #10 N.W. and Front Street N.W. t;cldspar Street N.W. between 138th Avenue N.W.a nd U.S. Highway #10 NOW T.~IEi~EFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAM~';i~;¥, AN()KA COUNTY, STATE OF MINNESOTA, as follows: That such proposed assessment, a copy of which is attached hereto and made ~ i)itrt t~e.;c:(>i', is hereby accepted and shall constitute the special assessment against the lands named thc:~'ei~, ~t,ttl each tract of land therein included is hereby found to be benefited by the prr>poscd in 1}~<' ~ ~otmt of the assessment levied against it. 75 'l'hat such assessment shall be payable in variable annual installments ex tcnd i n g (~ w;r ~ l,eriod of ten years, the fit'st of the installments to be payable with the first half of thc prol)e~'ly ~a×(~:, for 1990 and shall bear interest at the rate of 8.1 per cent annum from the date of the adoptio~ t)?~h is assessment resolution. To the first installment shall be added interest on the entire ass,'.s:~n~;~/fi'om the date of this resolution until December 31, 1989. To each subsequent ins~alhne~t wh,~ ~!ue shall be added interest for one year on all unpaid installments. 'l'hat the owner of any property so assessed may, at any time prior to certificati,~m, ~f tlt(:: assessment to the Anoka County Auditor, pay the whole of the assessment on such prop~z~'l y, wi lb interest accrued to the date of payment, to the City Finance Department, except theft no intcre';t .shrill be (zharged if the entire assessment is paid within 30 days from the adoption of this resolutions; ~t he may, at any time thereafter, pay to the City Finance Department the entire amount of ti~,:. ;v~;~-;~:.ssment remaining unpaid, with interest accrued to December 31 of the year in which such IO~U~n~:nt is made. St~ch payment must be made before October 10, 1989 or interest wi Il bo ch;~i'j;~ :~! l l~'()ugh December 31 of the next succeeding year. !) That the City transmit a certified duplicate of this assessment to the Anoka County A~d i~ t)~ ':', t ~fl:ic(; to be extended on the proper tax lists of the County, and such assessments shrill be; col ltr<:lcct rind p~id over in the same manner as other municipal taxes.