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<br /> CJ:'1Y OF ARDEN HILLS <br /> Rl\MSEY COlJNl'Y <br /> . RESOLUl'ICN ro. 94-37 <br /> RESOLUl'ICN ADOPl'IN3 P':IlmL ASSESSMI!Nl' ROLL <br /> (1994 RE<XN. 8 YR.) - AUDI'IDR m. 6418 <br /> WHEREAS , upon due notice properly made as required by law, the Arden Hills <br /> City Council has met and heard and passed upon all objections to <br /> the proposed assessment for the 1994 Paverrent Managem:nt <br /> Inprovem:nt Project and has determined the arrOlIDt to be assessed <br /> against each individual property as the Council deems just; <br /> NOW, ~UKE, BE IT RESOLVED by the City Council of the City of Arden Hills, <br /> Minnesota: <br /> l. The final assessment roll, a copy of which is attached hereto and <br /> incorp:>rated herein by this reference, is hereby accepted and adopted <br /> and shall constitute the special assessment against the lands therein <br /> narred . Each tract of land in the assessment roll is hereby found to be <br /> benefitted by the inprovement in an arrOlIDt not less than the arrount of <br /> the assessment levied against it. <br /> 2, Such assessment shall be payable in equal annual installments, including <br /> l:oth principal and interest, arrortized in such arrOlIDt annually as is <br /> required to pay the principal with interest at 8.00% over a peric:d of <br /> eight years because the assessment is equal to or greater than $3, 500 . <br /> . 3. The owner of any property so assessed may, at any time prior to <br /> certification to the County Auditor of the assessment of the first <br /> installment thereof, pay to the City Treasurer the whole of the <br /> assessment on such property, with interest accrued to the date of <br /> payrrent; except that no interest shall be charged if the entire <br /> assessment is paid within 30 days after the adoption of this Resolution, <br /> Prepayrrent may also be made after the certification of the assessment or <br /> first installment thereof by paying to the City Treasurer/County Auditor <br /> the entire arrount of the assessment remaining unpaid with interest, In <br /> the case of a payrrent made before November 15, interest will be <br /> calculated through December 31 of the year in which payrrent is made. If <br /> payrrent is made after November 15, interest will be calculated through <br /> December 15 of the next succeeding year. <br /> 4. The City Administrator shall transmit to the County Auditor a certified <br /> duplicate of the attached assessment roll to be extended on the property <br /> tax lists of the County. Such assessment shall be collected and paid <br /> over in the saIre manner as other rrnmicipal taxes. <br /> PASSED AND 1\uJ.l:'UiU BY '!HE CJ:'1Y COUNCIL OF '!HE CJ:'1Y OF ARDEN HILLS '!HIS 23RD <br /> DAY OF M1cr, 1994. <br /> Thcmas R. Sather, Mayor <br /> ATI'EST: <br /> . <br /> Dorothy A. Person, City Administrator <br />