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1;1 I; I RESOLUTION NO. 05-079 STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON RES LUTION ADOPTING ASSESSMENT ON PROJECT 04-1, STREET RECONSTRUCTION SOL VEn by the City Council of the City of New Brighton, Minnesota as follows: AS, pursuant to proper notice duly given as required by law, the City Council has met and heard and passed osed assessment of the benefited lots in the area. BY; construction of storm sewer, watermain improvements, sanitary sewer improvements, and street ction. NOW HEREFORE BE IT RESOL VEn by the City Council of the City of New Brighton, Minnesota: 1. The total amount to be assessed is $120,884.30 2. Such proposed assessment, referred to as Special Assessment Number 63041000 is 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. 3. Such assessment shall be payable in equal annual installments extending over a period often (10) years, the first installment to be payable on or after the first Monday in January 2006 and shall bear interest at the rate of 4.90 percent per annum from the adoption of this assessment resolution. 4. The owner of any property so assessed may, at any time prior to certification of the assessment to the County Auditor pay the whole of the assessment on such property with interest accrued to the date of payment, to the City Treasurer, except that no interest shall be charged ifthe entire assessment is paid within 30 days from the adoption of this resolution and he may, at any time thereafter, pay the County Treasurer, the balance of assessments remaining unpaid with interest accrued in accordance with the statutes such in case made and provided, 5. The Clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax list of the County and such assessments shall be collected and paid over the same manner as other municipal taxes. Adop this 27th day of September, 2005. ATTEST: " ~~ Stev Larson, Mayor IIA {J' 1;1 ,{..... ... , }/ Matthew Fulton, City Manager /,/ /l ,/~ '/l >?{~l"[e?<;L aiers r of Finance and Support Services (SEAL)