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<br />, , <br />. CITY OF ARDEN HILLS u~ <br /> RAMSEY COUNTY, MINNESOTA <br /> RESOLUTION 92-~ <br /> A RESOLUTION DETERMINING ASSESSED COST OF <br /> IMPR~~jr AND ORDERING PREPARATION OF <br /> PROPOS ASSESSMENT ROLL IN THE TTER OF <br /> THE 1992 TREET COLD IN-PLACE ~CLING <br /> .\ <br /> \ <br /> \ <br /> WHEREAS, costs have been determil1;ed for the 1992 StJ;eet Cold In-Place Recycling <br /> Improvement consisting of a contract price of $82,948,10 and expenses incurred or <br /> to be incurred by the City'jn the making of the improvement in the amount of <br /> $26,543,39 for a total cosf'lf the improvement of $109,941.50, <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, <br /> Minnesota: . <br /> 1. Based upon the City Assessment Policies, it is determined that the portion of this <br /> improvement to be paid by the City and not assessed to benefited properties is $54,745,75, <br /> 2, The portion of the cost to be assessed against benefited properties pursuant to the Arden <br /> Hills City Assessment Policies shall be $54,745,75. <br />. 3, The assessments shall be payable in equal annual installments and shall extend over a <br /> period of five (5) years, the first of the installments to be payable on or before September <br /> 15, 1992, with interest at the rate of 8,()()% per annum from the date of the adoption of the <br /> assessment resolution, <br /> 4, The City Administrator with the assistance of the Project Engineer shall forthwith calculate <br /> the proper amount to be specially assessed for such improvement against every assessable <br /> lot, piece, or parcel of land, without regard to cash valuation, as provided by law, and <br /> shall have available at the City Administrator's office a copy of the proposed assessment <br /> roll for public inspection. <br /> 5, Upon completion of the proposed assessment roll, the City Administrator shall notify the <br /> Council and schedule a publ~earing on August 10, 1992 upon the proposed assessment, <br /> causing notice of the hearing by publication and mail to be made at least two weeks prior to <br /> the hearing, <br /> Passed and adopted this 13th day of July, 1992. <br /> ATTEST: Thomas R. Sather, Mayor <br />. Catherine J. Iago, Deputy City Clerk <br />