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<br /> .. <br /> . CITY OF ARDEN HILLS <br /> RAMSEY COUNTY, MINNESOTA <br /> RESOLUTION 92 - ~ <br /> A RESOLUTION DETERMINING ASSESSED COST OF <br /> IMPRDVEMENT AND ORDERING PREPARATION OF <br /> PROPOSED ASSESSMENT ROLL IN THE MATTER OF <br /> THE 1992 TILLER LANE STREET RECONSTRUCTION IMPROVEMENT <br /> WHEREAS, costs have been determined for the 1992 Tiller Lane Street <br /> Reconstruction Improvement consisting of a contract price of <br /> $211,105.00 and expenses incurred or to be incurred by the City in <br /> the making of the improvement in the amount of $67,553.60 for a <br /> total cost of the improvement of $278,658.60. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden <br /> Hills, Minnesota: <br /> 1. Based upon the City Assessment Policies, it is determined that the <br /> portion of this improvement to be paid by the City and not assessed to <br /> benefited properties is $143,127.96. <br /> 2. The portion of the cost to be assessed against benefited properties <br /> . pursuant to the Arden Hills City Assessment Policies shall be $135,530.64. <br /> 3. The assessments shall be payable in equal annual installments and shall <br /> extend over a period of five (5) years, the first of the installments to be <br /> payable on or before September 15, 1992, with interest at the rate of 8.00% <br /> per annum from the date of the adoption of the assessment resolution. <br /> 4. The City Administrator with the assistance of the Project Engineer <br /> shall forthwith calculate the proper amount to be specially assessed <br /> for such improvement against every assessable lot, piece, or parcel of <br /> land, without regard to cash valuation, as provided by law, and shall <br /> have available at the City Administrator's office a copy of the <br /> proposed assessment roll for public inspection. <br /> 5, Upon completion of the proposed assessment roll, the City Administrator <br /> shall notify the Council and schedule a public hearing on April 27, 1992 <br /> upon the proposed assessment, causing notice of the hearing by publication <br /> and mail to be made at least two weeks prior to the hearing, <br /> Passed and adopted this 30th day of March, 1992. <br /> ATTEST: Tom Sather, Mayor <br /> . Cathy Iago, Deputy City Clerk <br />