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Cook introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #05-09-296 <br /> <br />I~,I,;SIII,IJTION DECLARING COST TO BE ASSESSED AND ORDERING <br />I'1~ I.: I'..k I~,ATION elc PROPOSED ASSESSMENT FOR IMPROVEMENT PROJECT #05- <br />tlr/(ItI'I'IJMINOUS OVERLAY SECTION 21 (UNPLATTED) <br /> <br /> I EIt. EAS, a contract has been let and costs have been determined with reference to the <br />Igitkll~lillotts Overlay off Section 21 (unplatted) and the expenses incun'ed or to be incurred in the <br /> such improvement amount to $170,117' so that the total cost of the improvement will <br /> 7. <br /> <br />N()\¥ ~I'III;;lll~;I;OI~.E, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />I~:~\IN/SEY, A NOKA COUNTY, STATE OF MINNESOTA, as follo-,vs: <br /> <br />1) <br /> <br />'lh;tt tl~c portion of' tile cost of such improvement to be paid by the City of Ramsey is <br />hcrc[~y declared to be $85,059 and the portion of the cost to be assessed against benefited <br />i)l'opcrty owt~ers is declared to be $85,059. <br /> <br />~) <br /> <br />'l'l~:~t the principal off tile assessments shall be in annual installments extending over a <br />pcriocl o['tlaree years; tile first of the installments to be payable on or before December 31, <br />2005, arid shall bear interest, per am'~um from the date of the adoption of the assessment <br />resolution, at tho rate of two (2) percent above the U.S. Treasury Rate. <br /> <br />'1 I~:tt the City Administrator shall calculate the proper amount to be specially assessed for <br />stroh it~provcment against every assessable lot, piece or parcel of land within the district <br />~tlTccted, without regard to cash valuation, as provided by law, and shall file in the city <br />o l'liccs a copy of such proposed assessment for public inspection. <br /> <br /> thc City Administrator shall, upon the completion of such proposed assessment, <br />I'y the Ramsey City Council thereof. <br /> <br />~1 hc tnotiot~ flor the adoption of the foregoing resolution was duly seconded by Councihnember <br />t!lx,ig, zt~]cl upo~q vote being taken thereon, the following voted in favor thereof: <br /> <br />zt~ct tl~: I[>l Iowi~g voted against the same: <br /> <br />Resolution #05-09-296 <br /> 1 of 2 <br /> <br /> <br />