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<br /> MAY- 6-93 THU 2:58 MAIER STEWART ASSOC. FAX NO. 7740838 P. 04/04 <br /> . CITY OF ARDEN HILLS <br /> RAMSEY COUNTY, MINNESOTA <br /> A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL <br /> IN TIm MATTER OF TIm 1993 PAVEMENT <br /> MAINTENANCE IMPROVEMENT <br /> WHEREAS, upon due notice property made as requited by law, the Arden Hills City Council has met <br /> and heard and passed upon all objections to the proposed assessment for the 1993 <br /> Pavement Maintenance Improvement and has detennined the amount to be assessed <br /> against each individual property as the Council deems just; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, 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 against the <br /> lands therein named. 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 assessment levied <br /> against it. <br /> 2. Such assessment shall be payable in equal annual installments, including both principal and <br /> . interest, amortized in such amount annually as is required to pay the principal with interest as <br /> 8 % over a period of three years for assessments less than $500 and five years for <br /> assessments equal to or greater than $500. <br /> 3. The owner of any property so assessed. may, at any time prior to certification to the County <br /> Auditor of the assessment or the first installment thereof, pay to the City Treasurer the whole <br /> of the assessment on such property. with interest accrued to the date of payment; except that no <br /> interest shall be charged if the entire assessment is paid within 30 days after the adoption of this <br /> Resolution. Prepayment may also be made after the certification of the assessment or first <br /> installment thereof by paying to the City Treasurer I Auditor the entire amount of the assessment <br /> remaining unpaid with interest. In the case of a payment made before November 15, interest <br /> will be calculated through December 31 of the next succeeding year. <br /> 4. The City Administrator shall transmit to the County Auditor a certified duplicate of the attached <br /> assessment roll to be extended on the property tax lists of the County. Such assessment shall <br /> be collected and paid over in the same manner as other municipal taxes. <br /> Passed and adopted this 10th day of May, 1993. <br /> ATTEST: <br /> Thomas R. Sather, Mayor <br /> . Dorothy A. Person, City Administrator <br />