Resolution - #96-10-277 - 10/08/1996

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Councilmember Beahen introduced the following resolution and moved for its adoption: RESOLUTION #96-10-277 RESOLUTION ADOPTING ASSESSMENT FOR SEWER AND WATER TRUNK CHARGES ON CHESTNUT RIDGE 3RD ADDITION WHEREAS, pursuant to the Development Agreement for Chestnut Ridge 3rd Addition, the Developer has agreed to be responsible for sewer and water trunk charges in the amount of $68,772; and WHEREAS, the Development Agreement provides the Developer the right to have these charges specially assessed over a period of five years; and WHEREAS, the Developer has elected to exercise his right to have these trunk charges assessed and has waived all rights to a public hearing on this matter under Minnesota Statute 444. 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, $68,772, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is h.ereb.y found to be benefited by the improvement in the amount of the assessment levied agmnst 2) That such assessment shall be payable in annual installments extending over a period of five years, the first of the installments to be payable with the fu:st tax rolls of 1997 and shall bear interest at the rate of 8.50% 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, 1997. 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. The owner may, at any time thereafter, pay to the City Finance Department 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 before November 13, 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 Zimmerman and upon vote being taken thereon, the following in favor thereof: Mayor Hardin Councilmember Beahen Councilmember Zimmerman Councilmember Beyer Councilmember Peterson