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<br /> . CITY OF ARDEN HILLS <br /> RAMSEY COUNTY, MINNESOTA <br /> RESOLUTION 94-30 <br /> A RESOLUTION DETERMINING ASSESSED COST OF <br /> IMPROVEMENT, ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL <br /> AND SETTING THE ASSESSMENT HEARING DATE IN THE MATTER OF <br /> THE 1994 PAVEMENT MANAGEMENT IMPROVEMENT <br /> WHEREAS, costs have been determined for the 1994 Pavement Management Improvement consisting <br /> of a contract price of $331,521.30 and expenses incurred or to be incurred by the City in <br /> the making of the improvement in the amount of $106,086.82 for a total cost of the <br /> improvement of $437,608.12. <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 <br /> to be paid by the City and not assessed to benefitted properties is $222,321.20. <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 $215,286.92. <br /> 3. The assessments shall be payable in equal annual installments and shall extend over a period of <br /> five years for assessments less than $3,500, and eight years for assessments equal to or greater <br /> than $3,500, the first of the installments to be payable on or before December 31, 1994, with <br /> interest at the rate 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 <br /> to 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 /> 23rd day of May, 1994, at 7:30 o'clock p.m. at New Brighton City Hall. <br /> 6. The City Administrator shall provide ten days mailed notice and two weeks published notice of <br /> the assessment hearing as required by law. <br /> Passed and adopted this 11th day of April, 1994. <br /> . ATTEST: Thomas R. Sather, Mayor <br /> Dorothy A. Person, City Administrator <br /> 520/000-0601.apr <br />