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'T'6_ fiIZEN�HILLS CITY OF ARDEN HILLS COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO.2024-025 Attachment B RESOLUTION ADOPTING SPECIAL ASSESSMENT ROLL FOR THE 2024 PMP STREET IMPROVEMENT PROJECT WHEREAS, pursuant to proper notice duly given as required by law, the City Council has met and heard and passed upon all objections to the 2024 PMP Street Improvement Project, the improvement of: • Keithson Drive from County State Aid Highway (CSAH) 96 West to 800 feet south of CSAH 96 West; • Royal Hills Drive from Snelling Avenue North to Arden View Drive; • Colleen Avenue from McClung Drive to Hamline Avenue North; • Norma Avenue from Dawn Circle to Briarknoll Drive; • Norma Avenue from Briarknoll Drive to Colleen Avenue; • James Avenue from Indian Oaks Trail to Colleen Avenue; • Briarknoll Circle; • Briarknoll Drive from Snelling Avenue North to Norma Avenue; • Royal Lane from Norma Avenue to Floral Drive West; • McClung Drive from Snelling Avenue North to Colleen Avenue; • Colleen Circle; • Arden Vista Court; NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF ARDEN HILLS, MINNESOTA: 1. Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment is proposed to be payable in equal annual installments extending over a period of 10 years, the first of the installments to be payable on or before the first Monday in January 2025 and will bear interest at the rate of 4.75% percent per annum from the date of the adoption of the assessment resolution. To the first installment shall be added interest on the entire assessment from the date of the assessment resolution until December 31, 2024. To each subsequent installment when due shall be added interest for one year on all unpaid installments. Page 1 of 2 To view the final document, access adopted Resolutions via Arden Hills Public Laset fiche Weblink by visiting cityofardenhills.org and clicking on Archived Documents under Helpful Links on our main webpage.