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<br /> CITY OF ARDEN HILLS <br /> RAMSEY COUNTY, MINNESOTA <br /> . RESOLUTION 93 - ~ <br /> A RESOLUTION DETERMINING ASSESSED COST OF <br /> IMPROVEMENT, ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL <br /> AND SETIING THE ASSESSMENT BEARING DATE IN THE MATTER OF <br /> niE 1993 PAVEMENT MAINTENANCE IMPROVEMENT <br /> WHEREAS, costs have been detennined for the 1993 Pavement Maintenance Improvement <br /> consisting of a contract price of $213,131.20 and expenses incurred or to be incurred <br /> by the City in the making of the improvement in the amount of $44,437.00 for a total <br /> cost of the improvement of $257,568.20. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council for the City of Arden Hills, Minnesota: <br /> 1. Based upon the City Assessment Policies, it is determined that the portion of this improvement to <br /> be paid by the City and not assessed to benefitted properties is $136,878.20. <br /> 2. The portion of the cost to be assessed against benefitted properties pursuant to the City of Arden <br /> Hills Assessment Policies shall be $120,690.00. <br /> 3. The assessments shall be payable in equal annual installments and shall extend over a period of three <br /> . years for assessments less than $500 and five years for assessments equal to or greater than $500; <br /> the first of the installments to be payable on or before December 31, 1993, with interest at the rate <br /> of 8.00% per annum from the date of the adoption of the assessment resolution. <br /> 4. The City Administrator with the assistance of the Project Engineer shall forthwith calculate the <br /> proper amount to be specially assessed for such improvement against every assessable lot, piece, <br /> or parcel of land, without regard to cash valuation, as provided by law, and shall have available to <br /> the City Administrator's office a copy of the proposed assessment roll for public inspection. <br /> 5. An assessment hearing shall be held before the City Council on the proposed assessments on the <br /> 10th day of May, 1993, at 7:30 o'clock p.m. at Arden Hills City Hall. <br /> 6. The City Administrator shall provide ten days mailed notice and two weeks published notice of the <br /> assessment hearing as required by law. <br /> Passed and adopted this 12th day of April, 1993. <br /> ATTEST: Thomas R. Sather, Mayor <br /> . Dorothy A. Person, City Administrator <br /> OJ9-OlI01.apr <br />