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<br /> . <br /> I. RESOLUTION 95-34 <br /> A RESOLUTION FOR THE CITY OF ARDEN HILLS <br /> . A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL <br /> EIGHT (8) YEARS <br /> . WHEREAS, upon due notice properly made as required by law, the Arden Hills City Council <br /> has met and heard and passed upon all objections to the proposed assessment for <br /> . the County Road F improvement and has determined the amount to be assessed <br /> against each individual property as the Council deems just. <br /> I NOW, mEREFORE, BE IT RESOLVED, by the City Council of the City of Arden Hills, <br /> Minnesota: <br /> I L Final assessment roll, a copy of which is attached hereto and incorporated herein by this <br /> reference, is hereby accepted and adopted and shall constitute the special assessment <br /> against the lands therein named. Each such tract of land in the assessment roll is hereby <br /> . found to be benefitted by the improvement in an amount not less than the amount of the <br /> assessment levied against it. <br /> I 2. Such assessment shall be payable in equal annual installments, including both principal and <br /> interest, amortized in such amount annually as is required to pay the principal with interest <br /> .- as 8 % over a period of eight years for those properties with an assessment amount greater <br /> than $3,500. <br /> I 3. The owner of any property so assessed, may, at any time prior to certification to the <br /> County Auditor of the assessment or the first installment thereof, pay to the City Treasurer <br /> the whole of the assessment on such plOperty, with interest accrued to the date of payment; <br /> . except that no interest shall be charged if the entire assessment is paid within 30 days after <br /> the adoption of this Resolution. Prepayment may also be made after the certification of <br /> the assessment or first installment thereof by paying to the City Treasurer / Auditor the <br /> I entire amount of the assessment remaining unpaid with interest. In the case of a payment <br /> made before November 15, interest will be calculated through December 31 of the next <br /> succeeding year, <br /> I 4. The City Administrator shall transmit to the County Auditor a certified duplicate of the <br /> I attached assessment roll to be extended on the property tax lists of the County. Such <br /> assessment shall be collected and paid over in the same manner as other municipal taxes. <br /> I PASSED AND ADOPTED THIS 12m DAY OF JUNE, 1995. <br /> I DENNIS PROBST, MAYOR <br /> Ie A TrEST: <br /> BRIAN FRITSINGER, CITY ADMINISTRATOR <br /> I 520/052-{)307.may <br />