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Councilmembex Peterson introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #94-09-179 <br /> <br />RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING <br />PREPARATION OF PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT <br />#94-01 (SEALCOAT AND CRACK FILL FORD BROOK ESTATES 3RD <br />ADDITION,) <br /> <br /> WHEREAS, a contract has been let and costs have been determined with reference to the <br />seaicoating and crack filling of Ford Brook Estates 3rd Addition and the expenses incurred or to be <br />incurred in the making of such improvement amount to $4,845 so that the total cost of the <br />improvement will be $4,845. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF 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 <br />hereby declared to be $422 and the portion of the cost to be assessed against benefited <br />prope/'ty owners is declared to be $423, with the remaining funds being provided from an <br />escrow established by the subdivision developer. <br /> <br />2) <br /> <br />That the principal of the assessments shall be in annual installments extending over a period <br />of three (3) years; the first of the installments to be payable on or before December 31, <br />1995 and shall bear interest at the rate of 9.75 percent per annum from the date of the <br />adoption of the assessment resolution. <br /> <br />3) <br /> <br />That the City Administrator shall calculate the proper amount to be specially assessed for <br />such improvement against every assessable lot, piece or parcel of land within the district <br />affected, without regard to cash valuation, as provided by law, and shall file in the city <br />offices a copy of such proposed assessment for public inspection. <br /> <br />4) <br /> <br />That the City Administrator shall, upon the completion of such proposed assessment, <br />notify the Ramsey City Council thereof. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Hardin and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gilbertson <br />Councilmember Peterson <br />Counc!lmember Hardin <br />Counc!lmember Beyer <br />Councilmember Zimmerman <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br /> <br /> <br />