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<br /> I <br /> STATE OF MINNESOTA I <br /> COUNTY OF RAMSEY <br /> CITY OF ARDEN HILLS .. <br /> RESOLUTION 96-27 <br /> A RESOLUTION FOR THE CITY OF ARDEN HILLS I <br /> A RESOLUTION DETERMINING ASSESSED COSTS OF IMPROVEMENT <br /> AND ORDERING PREP ARA nON OF PROPOSED ASSESSMENT <br /> ROLL IN THE MATTER OF THE STREET IMPROVEMENTS PROJECT OF 1996 I <br />WHEREAS, costs have been determined for the 1996 Street Improvements consisting of a contract price of <br /> $379,973.43 and expenses incurred or to be incurred by the City in the making of the I <br /> improvement in the amount of $12 1,591.50 for a total cost of the improvement of$501,564.93. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, Minnesota: I <br />1. Based upon the City Assessment Policies, it is determined that the portion of this improvement to be <br /> paid by the City and not assessed to benefitted properties is $250,782.47. I <br />2. The portion of the cost to be assessed against benefitted properties pursuant to the Arden Hills City <br /> Assessment Policies shall be $250,782.46. I <br />3. The assessments shall be payable in equal annual installments and shall extend over a period of five <br /> years for those assessments less than or equal to $3,500, or eight years for those assessments greater ~ <br /> than $3,500; the first of the installments to be payable on or before the first Monday in January, 1997, <br /> with interest at the rate of 8% 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 proper I <br /> amount to be specially assessed for such improvement against every assessable lot, piece, or parcel of <br /> land, without regard to cash valuation, as provided by law, and shall have available at the City I <br /> Administrator's office a copy of the proposed assessment roll for public inspection. <br />5. A Public Hearing shall be held before the City Council on the proposed assessment roll on the 28th day <br /> of May, 1996 at 7:30 p.m. at the New Brighton City Hall. I <br />6. The City Administrator shall provide notice of the hearing by publication and mail to be made at least <br /> two weeks prior to the hearing. I <br />PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS <br />THIS 29TH DAY OF APRIL, 1996. I <br /> Dennis Probst, Mayor I <br />ATTEST: I <br /> .. <br />Brian Fritsinger, City Adm inistrator <br /> I <br />