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<br /> . . <br /> RESOLUTION 95-42 .. <br /> A RESOLUTION FOR THE CIT.Y OF ARDEN HILLS <br /> A RESOLUTION DETERMINING ASSESSED COST OF IMPROVEMENT AND . <br /> ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL IN THE MATTER . <br /> OF STREET MAINTENANCE IMPROVEMENTS OF 1995 <br /> WHEREAS, costs have been determined for the 1995 Street Maintenance Improvements . <br /> consisting of a contract price of $365, 144.43 and expenses incurred or to be <br /> incurred by the City in the making of the improvement in the amount of <br /> $116,846.22 for a total cost of the improvement of$481,990.65. . <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council for the City of Arden Hills, <br /> Minnesota: . <br /> 1. Based upon the City Assessment Policies, it is determined that the portion of this <br /> improvement to be paid by the City and not assesd to benefitted properties is . <br /> $311,990.65. <br /> 2. The portion of the cost to be assessed against benefitted properties pursuant to the Arden . <br /> Hills City Assessment Policies shall be $170,000. <br /> 3. The assessments shall be payable in equal annual instaIlments and shall extend over a -. <br /> period of 5 years, the first of the installments to be payable on or before the first Monday <br /> in January, 1996, with interest at the rate of 8% per annum from the date of the adoption . <br /> of the assessment resolution. <br /> 4. The City Administrator with the assistnace of the Project Engineer shall forthwith I <br /> calculate the proper amount to be specially assessed for such improvement against every <br /> assessable lot, piece, or parcel of land, without regard to cash valuation, as provided by <br /> law, and shall have available to the City Administrator's office a copy of the proposed . <br /> assessment roll for public inspection. <br /> 5. Upon completion of the proposed assessment roll, the City Administrator shall notifY the I <br /> Council and schedule a public hearing upon the proposed assessment, causing notice of <br /> the hearing by publication and mail to be made a least two weeks prior to the hearing. <br /> PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS . <br /> THIS 30TH DAY OF MAY, 1995. . <br /> DENNIS P. PROBST, MAYOR . <br /> ATTEST: <br /> -. <br /> BRlAN FRlTSINGER, CITY ADMINISTRATOR <br /> . <br />