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It <br /> -ARzEN HILLS <br /> CITY OF ARDEN HILLS <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION NO. 2014-027 <br /> RESOLUTION ADOPTING SPECIAL ASSESSMENT ROLL FOR THE ROUND <br /> LAKE ROAD AREA IMPROVEMENT <br /> WHEREAS, pursuant to proper notice duly given as required by law, the City <br /> Council has met and heard and passed upon all objections to the proposed assessment for the <br /> improvement of the City of Arden Hills Round Lake Road Area. <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF <br /> ARDEN HILLS,MINNESOTA: <br /> 1. Such proposed assessment roll, a copy of which is attached hereto and made a part hereof, <br /> is hereby accepted and shall constitute the special assessment against the lands named <br /> therein, and each tract of land therein included is hereby found to be benefited by the <br /> proposed improvement in the amount of the assessment levied against it. <br /> 2. Such assessment assessed against each parcel of land shall be payable in equal annual <br /> installments extending over a period of ten (10) years, unless prepaid, the first of the <br /> installments to be payable with general taxes levied in 2014, collectible with such taxes <br /> during the year of 2015. The assessment shall bear interest at the rate of 4.60 percent per <br /> annum from the date of the adoption of this assessment resolution. To the first installment <br /> shall be added interest on the entire assessment from the date of this resolution until <br /> December 31, 2014. To each subsequent installment when due shall be added interest for <br /> one year on all unpaid installments. <br /> 3. If the adopted assessment differs from the proposed assessment as to any particular lot, <br /> piece, or parcel of land, the City Administrator shall mail to the owner a notice stating the <br /> amount of the adopted assessment. The administrator must also notify affected owners of <br /> any changes adopted by the Council in interest rates or prepayment requirements from those <br /> contained in the notice of the proposed assessment. <br /> 4. The owner of any property so assessed may, at any time prior to certification of the <br /> assessment to the county auditor, pay the whole of the assessment on such property, with <br /> interest accrued to the date of payment, to the City Administrator, except that no interest <br /> shall be charged if the entire assessment is paid by June 11, 2014. The owner may at any <br /> time thereafter, pay to the County Auditor the entire amount of the assessment remaining <br />