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2. Assessments shall 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 for the year 2024, and <br />shall bear an interest rate to be determine from date of the adoption of the assessment <br />resolution. <br />3. The City Clerk, with the assistance of the City Engineer shall forthwith calculate the proper <br />amount to be specially assessed for such improvement against every assessable lot, piece <br />or parcel of land within the district affected, without regard to cash valuation, as provided <br />by law, and shall file a copy of such proposed assessment in her office for public inspection; <br />and <br />BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF ARDEN HILLS, <br />MINNESOTA: <br />1. A hearing shall be held on April 8, 2024, in the Council Chambers at 7:00 p.m. or as soon <br />thereafter as possible, to pass upon such proposed assessment and at such time and place <br />all persons owning property affected by such improvement will be given an opportunity to <br />be heard with reference to such assessment. <br />2. Publication by the City Clerk is hereby directed to cause notice of the hearing on the <br />proposed assessment once in the official newspaper at least two weeks prior to the hearing, <br />stating in the notice the total cost of the improvement is hereby approved. Notice shall be <br />mailed to the owner of each parcel described in the assessment roll not less than two weeks <br />prior to the hearings is also approved. <br />3. 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, except that no interest shall be charged <br />if the entire assessment is paid within 30 days from the adoption of the assessment. The <br />owner may at any time thereafter, pay to the City the entire amount of the assessment <br />remaining unpaid, with interest accrued to December 31 of the year in which such payment <br />is made. Such payment must be made before November 15 or interest will be charged <br />through December 31 of the succeeding year. <br />PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS <br />THIS 11th DAY OF MARCH 2O24. <br />Attest: <br />Julie Hanson, City Clerk <br />David Grant, Mayor <br />Page 2 of 2 <br />To view the final document, access adopted Resolutions via Arden Hills Public Laserfiche Weblink by visiting <br />cityofardenhills.org and clicking on Archived Documents under Helpful Links on our main webpage. <br />