Resolution - #92-09-207 - 09/08/1992

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Councilmcmber Hardin introduced thc following resolution and moved for its adoption: RESOLUTION #92-09-207 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT #89-18 (STREET IMPROVEMENTS FOR WACO STREET N.W. BETWEEN 149TH AVENUE N.W. AND 150TH AVENUE N.W.) WHEREAS, a contract has been let and costs have been determined with reference to the street improvements to Wac(> Street N.W. between 149th Avenue N. W. and 150th Avenue N.W. and the expenses incurred or to be incurred in the making of such improvement amount to $70,020.50 so that the total cost of the improvement will be $70,020.50. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the portion of the cost of such improvement to be paid by the City of Ramsey is hereby declared to be $52,520.50 and the portion of the cost to be assessed against benefited property owners is declared to be $17,500.00. 2) That the principal of the assessments shall be in annual installments extending over a period of ten years; the first of the installments to be payable on or before May 15, 1993 and shall bear interest at the rate of 8% 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 thereofi Thc motion for the adoption of the foregoing resolution was duly seconded by Councilmember Peterson and upon vote being taken thereon, the following voted in favor thereof: Mayor Gilbcrtson Councilmember Hardin Councilmember Pcterson Councilmember Zimmerman and the following voted against the same: None and the following abstained: None and the following were absent: Councilmembcr Beyer whereupon said resolution was declared duly passed and adopted by the~4rnsey City Coun~ 8th day of September, 1992. lVjafor ~' '~"~ rn~ni str~t()r -