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4 RESOLUTION NO. 94-118 STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON RESOLUTION ADOPTING ASSESSMENT ON PROJECT 93-1, STREET RECONSTRUCTION. BE IT RESOLVED by the City Council of the City of New Brighton, Minnesota as follows: WHEREAS, pursuant to proper notice duly given as required by law, the City Council has met and heard and passed upon all objections to the proposed assessment of the improvement of: LOCATION: 6th Street SW 7th Street SW 10th Avenue SW 20th Avenue SW The 398 benefitted lots abutting the following streets: Benz Road Imperial Lane Riviera Drive Continenetal Drive McCallum Drive Rolls Road Cord Circle Oakwood Drive Skyhigh Drive Haines A venue Riviera Court Sunset Lane 5th Street SW - 9th Avenue SW to 10th Avenue SW 9th Avenue SW - south of Foss Road 15th Avenue SW . south of Foss Road 17th Avenue SW - 3rd Street SW to cul-de-sac BY: The construction of storm sewer, curb and gutter, and bituminous surfacing. NOW THEREFORE BE IT RESOLVED by the City Council of the City of New Brighton, Minnesota: 1. The total amount to be assessed is $192,343.04. 2. Such proposed assessment, referred to as Ramsey County Data Processing Improvement Number 6265, 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 benefitted 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 of ten (10) years, the first installment to be payable on or after the first Monday in January, 1995 and shall bear interest at the rate of 6.75 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 if the 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. Adopted this 11 th day of October, 1994 ~:LL ATTEST: M~~ Finance Director/City Clerk (SEAL)