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<br /> CITY OF ARDEN HILLS <br /> . RAMSEY COUNT, MINNESOTA <br /> RESOLUTION 92 - S7 <br /> - <br /> A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL IN THE MATTER OF THE <br /> 1992 DUNLAP STREET COLD IN-PLACE RECYCLING IMPROVEMENT <br /> WHEREAS, upon due notice property made as required by law, the Arden Hills City Council <br /> has met and heard and passed upon all objections to the proposed assessment for <br /> the 1992 Dunlap Street Cold In-Place Recycling Improvement and has determined <br /> the amount to be assessed against each individual property as the Council deems <br /> just; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, <br /> Minnesota: <br /> 1. Final assessment roll, a copy of which is attached hereto and incorporated herein by this <br /> reference, is hereby accepted and adopted and shall constitute the special assessment <br /> against the lands therein named. Each such tract of land in the assessment roll is hereby <br /> found to be 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 installments, including both principal <br /> and interest, amortized in such amount annually as is required to pay the principal with <br /> interest at 8.00% over a period of five years. <br /> 3. The owner of any property so assessed, may, at anytime prior to certification to the <br /> County Auditor of the assessment or the first installment thereof, pay to the City <br /> Treasurer the whole of the assessment on such property, with interest accrued to the date <br /> of payment; except that no interest shall be charged if the entire assessment is paid within <br /> 30 days after the adoption of this Resolution. Prepayment may also be made after the <br /> certification of the assessment or first installment thereof by paying to the City <br /> Treasurer/Auditor the entire amount of the assessment remaining unpaid with interest. <br /> In the case of a payment made before November 15, interest will be calculated through <br /> December 31 of the next succeeding year. <br /> 4. The City Administrator shall transmit to the County Auditor a certified duplicate of the <br /> attached assessment roll to be extended on the property tax lists of the County, Such <br /> assessment shall be collected and paid over in the same manner as other municipal taxes. <br /> Passed and adopted this 17 day of August, 1992. <br /> ATTEST: <br /> . Thomas R. Sather, Mayor <br /> Catherine 1. Iago, Acting Clerk-Administrator <br /> Rffi.'l35 <br />