Resolution - #94-10-236 - 10/11/1994

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Councilmeml~r Hardin introduced the following resolution and moved for its adoption: RESOLUTION //94-10-236 RESOLUTION ADOPTING ASSESSMENT FOR IMPROVEMENT PROJECT //93- 13 (BITUMINOUS SURFACING OF 164TH LANE N.W. FROM NOWTHEN BOULEVARD N.W. [COUNTY ROAD #5] WEST TO ITS TERMINUS) WHEREAS~ pursuant to proper notice duly given as required by law, the Ramsey City Council has met and h~ -ard and passed upon all objections to the proposed assessment for the improvements to 164th Lane N.W. from Nowthen Boulevard N.W. (County Road//5) west to its terminus. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) 2) 3) That SUch proposed assessment, a copy of which is attached hereto and made a part hereof, is herSby 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 improgement in the amount of the assessment levied against it. That such assessment shall be payable in annual installments extending over a period of ten years,~the first of the installments to be payable with the first tax rolls of 1995 and shall bear interest at the rate of 9.75 percent annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assess~nent from the date of this resolution until December 31, 1995. To each subsequent instal!tnent, when due, shall be added interest for one year on all unpaid installments. 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 proper~ty, 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. The owner may, at any time thereafter, pay to the City Finance Department the entire amount of the assessment remaining unpaid, with interest acerue, d to December 31 of the year in which such payment is made. Such payment must be made before November 1, or interest will be charged through December 31 of the succee~ding year. 4) That a~ certified duplicate of this assessment be transmitted to the Anoka County Auditor's Offic~ 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 Zimmerman ahd upon vote being taken thereon, the following in favor thereof: Courteilmember Hardin Councflmember Zimmerman Counc]Imember Peterson and the folloWing voted against the same: None and the following abstained: