Resolution - #06-03-078 - 03/14/2006

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Councilmember Jeffrey introduced the following resolution and moved for its adoption: RESOLUTION #06-03-078 RESOLUTION ADOPTING ASSESSMENT FOR IMPROVEMENT PROJECT #02-40 SANITARY SEWER WATERMAIN AND STORM SEWER IMPROVEMENTS TO OAK TERRACE ESTATES MOBILE HOME PARK WHEREAS, 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 Improvement Project #02-40, which include sanitary sewer watermain and storm sewer improvements to Oak Terrace Estates Mobile Home. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That such proposed assessment, in the principal amount of $723,745, is hereby 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 improvement in the amount of the assessment levied against it. 2) That such assessment shall be payable in annual principal installments of $72,374.50, extending over a period of ten years, the first of the installments to be payable with the first tax rolls of 2007 and shall bear interest at the rate of 6.6 percent 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, 2007. To each subsequent installment, when due, shall be added interest for one year on all unpaid installments. 3) That the 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 that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and that he may at any time thereafter, pay to the City treasurer 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 by May 1, or interest will be charged through December 31 of the succeeding year. 4) That a certified duplicate of this assessment be transmitted to the Anoka County Auditor's Office to be extended on the property tax lists of the County and such assessments shall be collected and paid in the same manner as other municipal taxes. The motion of the adoption of the foregoing resolution was duly seconded by Councilmember Olson, and upon vote being taken thereon, the following in favor thereofi #06-03-078 Page 1 of 2