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� <br />EN HILLS <br />CITY OF ARDEN HILLS <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION NO. 2011-035 <br />RESOLUTION RELATING TO SPECIAL ASSESSMENTS FOR THE 2010 PAVEMENT <br />MANAGEMENT PROGRAM <br />WHEREAS, on August 30, 2010, the Arden Hills City Council adopted Resolution <br />2010-039 entitled "Resolutian Adopting Special Assessment Roll for the 2010 Pavement <br />Manageineni Prograt�n"; amd <br />'WHEREAS, pursuant to a Mediated Settlement Agreement, ihe City of Arden Hil�s wishes <br />to amend Resolution No, 2010-039 as rt relates to PIN No. 21-30-23-43-0007. <br />NOW THEREFORE BE XT RESOLVED that, as of January l, 2012, after app�ying the <br />special assessment payment collected in 2011, the adj�sted principal batance of the 2�10 Pavement <br />Management Progxam Special Assessment far PTN No. 21-30-23-43-0007 shall be $4,660.56. The <br />Special Assessment sha11 be paid in equaI annual installments extending over a period of nine (9) <br />years. The S�ecial Assessment shall bear int�rest at the ra.te af 4.5% per annum commencing or� <br />Janua�y 1, 2012. The first instalIment sha11 include �nteresi fram Jax�uary 12, 2012 to Dece�nber 31, <br />2012, and to each subsequent installment, when due, shall be added interest fo� one (1) year on all <br />unpaid instailments. <br />The City Administrator shall forthwith prepare and transmit a certif ed duplicate of this <br />Resolution to the County Auditor to be extended an ihe property tax �ist of the county. Such <br />assessment shall be collected and paid aver the sazx�e zn.anner as other municipal taxes. <br />Adapted b� the A�den Hills City Council this 27�' day of Jnne, 2011. <br />