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<br />. CITY OF ARDEN HILLS <br /> RAMSEY COUNTY, MINNESOTA <br /> RESOLUTION 93 - 44 <br /> A RESOLUTION DETERMINING ASSESSED COST OF <br /> IMPROVEMENT AND ORDERING PREPARATION OF <br /> PROPOSED ASSESSMENT ROLL IN THE MA'ITER OF <br /> ARDEN PLACE DRAINAGE IMPROVEMENT OF 1993 <br /> WHEREAS costs have been determined for the Arden Place Drainage improvement consisting of a contract <br /> price of $15,800.00 and expenses incurred or to be incurred by the City in the making of the <br /> improvement in the amount of $3,950.00 for a total cost of the improvement of $19,750.00. <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 be <br /> paid by the City and not assessed to benefitted properties is $ -Q- <br /> 2. The portion of the cost to be assessed against benefitted properties pursuant to the Arden Hills City <br /> Assessment Policies shall be $19,750. <br />. 3. The assessments shall be payable in equal annual installments and shall extend over a period of five <br /> years, the first of the installments to be payable on or before the first Monday in January, 1995, with <br /> interest at the rate of 8.0% 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 proper <br /> amount to be specially assessed for such improvement against every assessable lot, piece, or parcel of <br /> land, without regard to cash valuation, as provided by law, and shall have available to the City <br /> Administrator's office a copy of the proposed assessment roll for public inspection. <br /> 5. Upon completion of the proposed assessment roll, the City Administrator shall notify the Council and <br /> schedule a public hearing upon the proposed assessment, causing notice of the hearing by publication <br /> and mail to be made at least two weeks prior to the hearing. <br /> 6. A public hearing shall be held before the City Council on the proposed assessment on the 12th day of <br /> October, 1993, at 8:00 o'clock p.m., at Arden Hills City Hall. <br /> Passed and adopted this 13th day of September, 1993. <br /> Thomas R. Sather, Mayor <br /> ATIEST: <br />. <br /> Dorothy A. Person, City Administrator <br /> 026-1003."'P S2().026-20 <br />