Resolution - #79-79 - 10/09/1979

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Councilman Reimann moved for its adoption: introduced the following resolution and RESOLUTION 79-79 RESOLUTION ADOPTING ASSESSIIENT WHEREAS, pursuant to proper notice duly given as required by law, the council has met and heard and passed upon all objections to the proposed assessment for the improvement of: 1) Waco Street N.W. lying between 153rd Avenue N.W. and 150th Avenue N.W. 2) Xkimo Street N.W. lying between 153rd Avenue N.W. and 150th Avenue N.W. 3) Yakima Street N.W. lying between 153rd Avenue N.W. and 150th Lane N.W. 4) Zuni Street N.W. lying between 153rd Avenue N.W. and 151st Avenue N.W. 5) 150th Avenue N.W. lying between Waco Street N.W. and Xkimo Street N.W. 6) 150th Lane N.W. between the line of Xkimo Street N.W. and the west line of Gorham's Sandy Acres Estates. 7) 151st Avenue N.W. between the line of Yakima Street N.W. and Zuni Street N.W. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF RAMSEY, MINNESOTA: 1) Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included in hereby fomnd to be benefited by the proposed improvement in the amount of the assessment levied against it. 2) Such assessment shall be payable in equal annual install- ments extending over a period of ten (10) years, the first of the in- stallments to be payable on or before the first Monday in January, 1980, and shall bear interest at the rate of eight (8) per cent 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, 1989. To each subsequent installment when due shall be added interest for one year on all unpaid installments.