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.f RESOLUTION NO. 92-098 STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON RESOLUTION ADOPTING AssEssMENT ON 5TH AVENUE NW STREET RECONSTRUCTION, PROJECT 89-13. BE IT RESOLVED by the City Council of the City of New Brighton, Minnesota as follows: WHEREAS. pursuant to proper notice duly Jiven 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: The benefitted properties on 5th Avenue NW between County Road E2 and Old Highway 8. BY: The construction of curb and gutter, and water services. NOW THEREFORE BE IT RESOLVED by the City Council of the City of New Brighton. Minnesota: 1. The total amount to be assessed is $20,736.40. 2. Such proposed assessment. referred to as Ramsey County Data Processing Improvement Number 5951, 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 proposed 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, 1993 and shall bear interest at the rate of 8.0 percent per annum from the adoption of this lISSeBsment resolution. 4. The owuer of any property so ""sessed may, at any time prior to certification of the lI88e88ment 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 charied if the entire asses~t 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 asseasment 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 22 day of September. 1992. ~ ATI'EST: ~ Finance Director/City Clerk b:~, fn. Ct1~~W David M. Childs, City Manager (SEAL)