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ARDEN HILLS CITY COUNCIL — APRIL 8, 2024 14 <br />Councilmember Holden stated she supported moving the discussion for the property on Colleen <br />Avenue to a future meeting in order to learn more about how the lot and side lot was platted. <br />Councilmember Rousseau asked if there were other properties in Arden Hills that were like this, <br />or was this property unique. <br />Councilmember Fabel supported the Council having more information regarding the property on <br />Colleen Avenue before making a determination on the appeal. <br />MOTION: Councilmember Monson moved and Councilmember Fabel seconded a <br />motion to adopt Resolution 2024-021, Approving Assessment Roll for the 2024 <br />PMP Street & Utility Improvement Project as amended, removing the <br />properties located at 1370 Colleen Avenue and 1570 McClung Drive for <br />future consideration. <br />Councilmember Monson asked when the working group discussed and decided how properties <br />in Arden Hills should be assessed. <br />Mayor Grant reported the working group met in 2004. <br />Councilmember Monson questioned if there was an appetite whether or not the City should be <br />rolling assessments into the levy or to consider what other options were available to the City for <br />assessing. <br />Councilmember Holden encouraged Councilmember Monson to read all of the working group <br />minutes in order to understand the amount of work they did when considering the City's <br />assessment policy. <br />Councilmember Monson stated she could read through the notes. <br />Councilmember Holden commented it was something interesting to consider but noted the <br />majority of cities in the State use an assessment policy. <br />The motion carried (5-0). <br />Mayor Grant requested the Council now set the interest rate for the street improvement project. <br />MOTION: Mayor Grant moved and Councilmember Holden seconded a motion to set <br />the interest rate for the 2024 PMP Street Improvement and Utility <br />Improvement Project to be 4.75%, which is 2% on top of the bond rate. The <br />motion carried (5-0). <br />E. Resolution 2024-022 Accepting Bid And Authorizing Award Of Contract To <br />S.M. Hentges And Sons, Inc. — 2024 PMP Street And Utility Improvements <br />Project <br />Public Works Director/City Engineer Swearingen stated on February 12, 2024, the City <br />Council approved plans & specifications and ordered advertisement for bids for the 2024 PMP <br />Street & Utility Improvement Project. The proposed improvements include bituminous paving, <br />