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'" " ";1 RESOLUTION NO. 89~ 2 4 STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON RESOLUTION ADOPTING ASSESSMENT ON M.S.A. STREET REHABILITATION, PROJECT 88-18. 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: The benefitted properties abutting the following streets: o Mississippi Street between Stinson Boulevard and Long Lake Road o 14th Street NW between Silver Lake Road and Long Lake Road o 5th Street NW between Stinson Boulevard and Old Highway 8 o Foss Road between the west City limits and Old Highway 8 BY: Concrete curb repair, surface milling and bituminous paving. NOW THEREFORE BE IT RESOLVED by the City Council of the City of New Brighton, Minnesota: 1. Such proposed assessment, referred to as Ramsey County Data Processing Numbers 5837, 5838, 5839, and 5840, 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. 2. 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, 1990 and shall bear interest at the rate of 8.5 percent per annum from the adoption of this assessment resolution. 3. 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. 4. 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 3rd day of October, 1989. ~UL RObeM ".,- Mayor J1'A' l m, O'l\i~ David M. Childs, City Manager ATTEST: ~~, Finance Director/City Clerk (SEAL)