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Councilmember Hardin introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION //92-09-220 <br /> <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING <br />OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT #92-15 <br />LATERALS, SANITARY SEWER LATERALS, STORM SEWER <br />IMPROVEMENTS FOR PHASE ONE WOOD POND HILLS ADDITION) <br /> <br />PREPARATION <br />(CITY WATER <br />AND STREET <br /> <br /> WHEREAS, a contract has been let and costs have been determined with reference to the City water <br />laterals, sanitary sewer laterals, storm sewer, and street improvements improvements to Phase One of Wood <br />Pond Hills Addition and the expenses incurred or to be incurred in the making of such improvement amount to <br />$586,602.00 so that the total cost of the improvement will be $586,602.00. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />That the portion of the cost of such improvement to be paid by the City of Ramsey is hereby declared <br />to be $235,555.00, a portion of which will be reimbursed by assessments made against Project #91- <br />13 and #91-14. The portion of the cost to be assessed against benefited property owners is declared to <br />be $351,047.00. <br /> <br />2) <br /> <br />That the principal of the assessments shall be in annual installments extending over a period of five <br />years; the first of the installments to be payable on or before May 15, 1993 and shall bear interest at the <br />rate of 8% per annum from the date of the adoption of the assessment resolution. <br /> <br />3) <br /> <br />That the City Administrator shall, upon the completion of such proposed assessment, notify the <br />Ramsey City Council thereof. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Peterson and <br />upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gilbertson <br />Councilmember Hardin <br />Councilmember Peterson <br />Councilmember Zimmerman <br /> <br />and the lbll()wing voted against the same: <br /> <br />None <br /> <br />and thc k)llowing abstained: <br /> <br />NODe <br /> <br />and the tbllowing were absent: <br /> <br />Councilmember Bcyer <br /> <br /> whereupon said resolution was declared duly passed and adopted by the Ramsey ~~this the~ 8th day <br /> of September, 1992. <br /> <br /> IO r <br /> <br />~ministrat6r <br /> <br /> <br />