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<br /> CITY OF ARDEN HILLS <br /> RAMSEY COUNTY, MINNESOTA <br /> . RESOLUTION 92 - 31 <br /> A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL <br /> WHEREAS, upon due notice property made as required by law, the Arden Hills City <br /> Council has met and heard and passed upon all objections to the <br /> proposed assessment for the 1992 Tiller Lane Street improvement and <br /> has determined the amount to be assessed against each individual <br /> property as the Council deems just; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, <br /> Minnesota: <br /> l. The final assessment roll, a copy of which is attached hereto and <br /> incorporated herein by this reference, is hereby accepted and adopted and <br /> shall constitute the special assessment against the lands therein named. <br /> Each such tract of land in the assessment roll is hereby found to be <br /> benefitted by the improvement in an amount not less than the amount of the <br /> assessment levied against it. <br /> 2. Such assessment shall be payable in equal annual i nsta 11 ments, i ncl udi ng <br /> both principal and interest, amortized in such amount annually as is <br /> required to pay the principal with interest at 8.00% over a period of five <br /> years. <br /> . 3. The owner of any property so assessed, may, at any time prior to <br /> certification to the County Auditor of the assessment or the first <br /> installment thereof, pay to the City Treasurer the whole of the assessment <br /> on such property, with interest accrued to the date of payment; except that <br /> no interest shall be charged if the entire assessment is paid within 30 <br /> days after the adoption of this Resolution. Prepayment may also be made <br /> after the certification of the assessment or first installment thereof by <br /> paying to the City Treasurer/County Auditor the entire amount of the <br /> assessment remaining unpaid with interest. In the case ofa payment made <br /> before November 15, interest will be calculated through December 31 of the <br /> year in which payment is made. If payment is made after November 15, <br /> interest will be calculated through December 31 of the next succeeding <br /> year. <br /> 4. The City Administrator shall transmit to the County Auditor a certified <br /> duplicate of the attached assessment roll to be extended on the property <br /> tax lists of the County. Such assessment shall be collected and paid over <br /> in the same manner as other municipal taxes. <br /> Passed and adopted this 27th day of April, 1992. <br /> ATTEST: Tom Sather, Mayor <br /> . Catherine Iago, Acting Clerk-Administrator <br />