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. split and that recommendation was again reiterated by the staff so that $258,083 would be raised by assessments and the City would pick up $258,083. The cost works out to $52.89 a front foot on the front foot assessments. On the acreage assessment, there are 33 acres that would be assessed at $1,173.10 per acre. We're recommending that this be spread over the ten year period as well, with the interest carrying charge of 10.01%, with the rights of prepayment as expressed earlier. MAYOR WOODBURN: I will ask the Clerk Administrator if there are any written objections or other opinions or questions. MRS. McNIESH: There are none. MAYOR WOODBURN: I will open the hearing for everyone on the floor. I hear nothing. We will move on then to the Council for their comments. Hearing no comments from the Council, I will close the hearing and ask the Council for their action. Councilman Johnson then introduced the following resolution and moved its adoption: Resolution No. 82-48 RESOLUTION ADOPTING AND CONFIRMING ASSESSMENTS FOR IMPROVEMENT NO. P-80-1 BE IT RESOLVED by the City Council of the City of Arden Hills, Minnesota, as follows: 1. The amount proper and necessary to be specially assessed at this time for Improvement No. P-80-1 against every assessable lot, piece or parcel of land affected thereby has been duly cal- culated upon the basis of benefits, without regard to cash valua- tion, in accordance with the provisions of Minnesota Statutes, Chapter 429, as amended, and notice has been duly mailed and pub- lished, as required by law, that this Council would meet to hear, consider and pass upon all objections, if any, and said proposed assessment has at all times since its filing been open for public inspection, and an opportunity has been given to all interested persons to present their objections, if any, to such proposed assessments. . 2. This Council, having heard and considered all objections so presented, and being fully advised in the premises, finds that each of the lots, pieces and parcels of land enumerated in the proposed assessment was and is specially benefited by the con- struction of said improvement in not less than the amount of the assessment set opposite the description of each such lot, piece and parcel of land, respectively, and such amount so set out is hereby levied against each of the respective lots, pieces and parcels of land therein. 3. The proposed assessments are hereby adopted and confirmed as the proper special assessments for each of said lots, pieces 2