Resolution - #07-09-252 - 09/25/2007

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Mayor Gamec introduced the following resolution and moved for its adoption: RESOLUTION #07-09-252 RESOLUTION ADOPTING ASSESSMENT FOR IMPROVEMENT PROJECT #07-05 (SEALCOATING AND CRACKSEALING HIGH POINT & 156TH AVENUE) WHEREAS, pursuant to proper notice duly given as required by law, the Ramsey City Council has met and heard and passed upon all objections to the proposed assessment for the Improvement Project #07-05, which is includes the cracksealing and sea1coating of: 155th Ave. from Dolomite 81. To Zirconium 8t 156th Ave. from Coquina St. To Basalt St. 156th Ave. from Ramsey Blvd. To Dolomite 5t. 157th Ave. from Dolomite 81. To Coquina 81. Basalt 81. from 155th Ave. To 156th Ave.. Coquina 81. from 155th Ave. To 157th Ave. Dolomite 81. from 155th Ave. To 157th Ave. Dolomite 81. from 157th Ave. To a point 200 ft north Zirconium 81. from 155th Ave. To the cui de sac Zirconium 81. from 155th Ave. To a point 200 ft south 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, a copy of which is attached hereto and made a part hereof, it hereby 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 improvement in the amount of the assessment levied against it. 2) That such assessment shall be payable in annual installments extending over a period of three years, the first of the installments to be payable with the first tax rolls of 2008 and shall bear interest at the rate of 6.8 percent annum from the date of the adoption of this assessment resolution. To the first installment interest shall be added on the entire assessment from the date ofthis resolution until December 31, 2008 . To each subsequent installment, when due, interest shall be added 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 by November 2, 2007. If payment is not made on or before November 2, 2007 interest will be charged through December 31 of the succeeding year (December 31, 2008). Resolution #07-09-252 Page 1 of2