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EN HILLS CITY OF ARDEN HILLS COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 2011-041 RESOLUTION ADOPTING SPECIAL ASSESSMENT ROLL FOR THE LEXINGTON AVENUE SIDEWALK IMPROVMEENTS WHEREAS, pursuant to an agreement between the City of Arden Hills, a Minnesota statutory City ( "City ") and Inland Shannon Square Cub, LLC, a Delaware limited liability company ( "Inland Cub ") and Inland Shannon Square Shoppes, LLC, a Delaware limited liability company ( "Inland Shoppes "), the parties agree as follows: 1. The City would construct certain sidewalk improvements; and 2. Inland Cub and Inland Shoppes would each pay 1/4 of the improvement cost incurred by the City for the construction of the sidewalk improvements. WHEREAS, Inland Shoppes is the record fee owner of tax parcel 237023440015 located at 3 673 Lexington Avenue North, Arden Hills, MN; and WHEREAS, Inland Cub is the record fee owner of tax parcel 273023440013 located at 3 717 Lexington Avenue North, Arden Hills, MN; and WHEREAS, the City had completed the construction of the sidewalk improvements; WHEREAS, Inland Shoppes and Inland Cub have each acknowledged that their respective parcels will receive a special benefit equal to the proposed special assessment as a result of the construction of the sidewalk improvement and, each waives their rights under the provision of Minn. Stat. 429, including, but not limited to, the notice and public hearing provisions of Minn. Stat. 429.031 and Minn. Stat. 429.061; and the appeal provisions of Minn. Stat. 429.081. and NOW THEREFORE, BE IT RESOLVED by the Mayor and City Council that: 1. Such proposed assessment roll, a copy of which is attached hereto and made a part hereof, 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 benefited by the proposed improvements in the amount of the assessment levied against it.