Resolution - #91-08-180 - 08/13/1991

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Councilmember Hardin introduced the following resolution and moved for its adoption: RESOLUTION /191-01t-180 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT (IMPROVEMENT PROJECT #91-04, REILLEY ESTATES 1ST, 2ND AND 3RD ADDITIONS STREET SEALCOATING) WHEREAS, a contract has been let and costs have been determined with reference to the sealcoating improvements in the plats of Reilley Estates 1st, 2nd and 3rd Additions and the expenses incurred or to be incurred in the making of such improvement amount to $10,885.19 so that the total cost of the improvement will be $10,885.19. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: l) That the portion of the cost of such improvement to be paid by the City of Ramsey is hereby declared to be $5,750.67 and the portion of the cost to be assessed against benefited property owners is declared to be $5,442.60. 2) That the principal of the assessments shall be in equal annual installments extending over a period of three years, the first of the installments to be payable on or before December 31, 1992 and shall bear interest at the rate of 7.5 percent per annum from the date of the adoption of the assessment resolution. 3) That the City Administrator shall upon the completion of such proposed assessment, notify the Ramsey City Council thereof. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Beyer and upon vote being taken thereon, the following voted in favor thereof: Mayor Gilbertson Councilmember Hardin Councilmember Beyer Councilmember Cich and the following voted against the same: None and the following were absent: None and the following abstained: Councilmember Peterson whereupon said resolution was declared duly passed and adopted by the Ramsey Cit~Coup~l~his thO. 13th day of August, 1991. ~~~