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Assessment Payment <br />6 <br />Option 1 –Prior to November 15, 2021 <br />•A property owner may at any time prior to certification of the assessment to the county auditor on <br />November 15, 2021, pay the entire assessment on such property to the City of Arden Hills, with interest <br />accrued to the date of payment. <br />•No interest shall be charged if the entire assessment is paid within 30 days from the adoption of this <br />assessment (30 days from tonight, April 12, 2021). <br />Option 2 –After November 15, 2021 <br />•The assessment is proposed to be payable in equal annual installments extending over a period of 10 <br />years, the first of the installments to be payable with property taxes in 2022. <br />•Balance will bear interest at a rate of 3.15% percent per annum from the date of the adoption of the <br />assessment resolution (tonight, April 12, 2021). <br />•After November 15, 2021, a property owner may pay the total outstanding balance of the assessment <br />against their property with accrued interest at any time during the life of the project assessment <br />period to Ramsey County.