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AIWENHILLS <br />CITY OF ARDEN HILLS <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION NO. 2011-035 <br />RESOLUTION RELATING TO SPECIAL ASSESSMENTS <br />FOR THE 2010 PAVEMENT MANAGEMENT PROGRAM <br />WHEREAS, on August 30, 2010, the Arden Hills City Council adopted Resolution <br />2010-039 entitled "Resolution Adopting Special Assessment Roll for the 2010 Pavement <br />Management Program "; and <br />WHEREAS, pursuant to a Mediated Settlement Agreement, the City of Arden Hills wishes <br />to amend Resolution No. 2010-039 as it relates to PIN No. 21-30-23-43-0007. <br />NOW THEREFORE BE IT RESOLVED that, as of January 1, 2012, after applying the <br />special assessment payment collected in 2011, the adjusted principal balance of the 2010 Pavement <br />Management Program Special Assessment for PIN No. 21- 30 -23 -43 -0007 shall be $4,660.56. The <br />Special Assessment shall be paid in equal annual installments extending over a period of nine (9) <br />years. The Special Assessment shall bear interest at the rate of 4.5% per annum commencing on <br />January 1, 2012. The first installment shall include interest from January 12, 2012 to December 31, <br />2012, and to each subsequent installment, when due, shall be added interest for one (1) year on all <br />unpaid installments. <br />The City Administrator shall forthwith prepare and transmit a certified duplicate of this <br />Resolution to the County Auditor to be extended on the property tax list of the county. Such <br />assessment shall be collected and paid over the same manner as other municipal taxes. <br />Adopted by the Arden Hills City Council this 27th day of June, 2011. <br />Dated: <br />(A.„--Ky z7 Zoil <br />ATTESTED BY: <br />Patrick Klaers <br />City Administrator <br />CITY OF ARDEN HILLS <br />By: <br />Davi I Grant <br />Its: Mayor <br />