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Councilman Hicks then introduced the following Resolution <br />and moved its adoption: <br />Resolution No. 85-40 <br />RESOLUTION ADOPTING AND CONFIRMING ASSESSMENTS <br />FOR THE LAMETTI PUBLIC IMPROVEMENTS <br />IMPROVEMENT NO. SS-W-P-ST-84-2 <br />BE IT RESOLVED by the City Council of the City of Arden <br />Hills, Minnesota, as follows: <br />1. The amount proper and necessary to be specially <br />assessed at this time for Improvement No. SS-W-P-ST-84-2 against <br />every assessable lot, parcel or tract of land (the "parcel") <br />affected thereby has been duly calculated upon the basis of <br />benefits, without regard to cash valuation, in accordance with <br />the provisions of Minnesota Statutes, Chapter 429, as amended, <br />and notice has been duly mailed and published, as required by <br />law, that this Council would meet to hear, consider and pass upon <br />all objections, if any, and said proposed assessment has at all <br />times since its filing been open for public inspection, and an <br />opportunity has been given to all interested persons to present <br />their objections, if any, to such proposed asse�sments. <br />2. This Council, having heard no objections (none having <br />been made), and being fully advised in the premises, finds that <br />each of the parcels enumerated in the proposed assessment was and <br />is specially benefited by the construction of said improvement in <br />not less than the amount of the assessment set opposite the <br />description of each such parcel, respectively, and such amount so <br />set out is hereby levied against each of the respective parcels <br />therein. <br />3. The proposed assessments are hereby adopted and <br />confirmed as the proper special assessments for each of said <br />parcels respectively. <br />4. The assessment against each such parcel of land, <br />together with interest thereon at the rate of ten and one-half <br />percent (10��) per annum accruing on the full amount thereof <br />l� until paid in full, shall be a lien concurrent with general taxes <br />upon each such parcel and all thereof. The total amount of each <br />- such assessment shall be payable in equal annual principal <br />installments extending over a period of six (6) years, the first <br />of such installments, together with interest on the entire <br />assessment from the date hereof to December 31, 1986, to be <br />payable with general taxes for the year 1985, collectible in <br />