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2. Such assessment assessed against each parcel of land sha11 be payable in equal <br />annual installments extending over a pexiod of three (3} years, unless prepaid, the <br />first of the instalJzx�.ents to be payable wiin general taxes levied in 2011, <br />collectible witl� such taxes during the year of 2012. The assessment shall beax <br />interest at the rate of 3.4 percent per annurn from the date of �ie adoptian o£ this <br />assess�nent resolution. To the firsi installment shall be added interest on the <br />eniire assessment fra� the date of this resolution uniil Decemb�r 31, 2011. Ta <br />each subsequent inst�llmeni when due shall be added i.r�terest far ane year on al� <br />unpaid installments. <br />3. The owner of any property so assessed may, at any time prior ta certificaiion o� <br />the assessment io the cotulty auditar, pay the whole assessment on such property, <br />w�ith interest accrued to the date of payment, to the City Adminisirator, e�cept <br />that no interest shall i�e charged if the entire assessmeni is paid within 30 days <br />from the adoption of ihis reso�ution. T'he owner may at any time thereafter, �ay <br />to the County Auditor the enii�e amount of the assessment remaining unpaid, <br />vv�th interest accrued to December 31 of the year in which such payment is made. <br />Such payment must be made before November 15 or interest wi�l be char�ed <br />through December 31 of the succeeding year. <br />4. The City Admuustrator sha11 forthwith prepare and transrnit a certi�ied duplicate <br />of this assessment to the Counfy Auditar to be extended on the property ta�� Iists <br />o� the couniy. Such assessme�ts shail be collected and paid aver in the same <br />manner as municipal t�es. <br />ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS <br />THYS 12�'' DAY OF SEPTEMBER, 2011. <br />David Grant, Mayor <br />ATTEST: <br />Patrick HIaers, Administratar <br />