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<br /> I" __I <br /> Ie STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> CITY OF ARDEN HILLS <br /> I RESOLUTION 96-27a <br /> A RESOLUTION FOR THE CITY OF ARDEN HILLS <br /> I A RESOLUTION DETERMINING ASSESSED COSTS OF IMPROVEMENT <br /> AND ORDERING PREPARATION OF PROPOSED ASSESSMENT <br /> I ROLL IN THE MATTER OF THE STREET IMPROVEMENTS PROJECT OF 1996 <br /> WHEREAS, costs have been determined for the 1996 Street Improvements consisting of a contract price of <br /> I $379,973.43 and expenses incurred or to be incurred by the City in the making of the <br /> improvement in the amount of$121,591.50 for a total cost of the improvement of$501,564.93, <br /> I NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, Minnesota: <br /> 1. Based upon the City Assessment Policies, it is determined that the portion ofthis improvement to be <br /> I paid by the City and not assessed to benefitted properties is $250,782.47. <br /> 2, The portion of the cost to be assessed against benefitted properties pursuant to the Arden Hills City <br /> I Assessment Policies shall be $250,782.46, <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 /> I 4, The City Administrator with the assistance of the Project Engineer shall forthwith calculate the proper <br /> amount to be specially assessed for such improvement against every assessable lot, piece, or parcel of <br /> I land, without regard to cash valuation, as provided by law, and shall have available at the City <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 Family Services Center, 400 10th Street NW, New <br /> Brighton, Minnesota, <br /> I 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, <br /> I PASSED Aj'\j1) ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS <br /> THIS 28TH DAY OF MAY, 1996. <br /> I <br /> Dennis Probst, Mayor <br /> ~ ATTEST: <br /> Brian Fritsinger, City Administrator <br /> I <br /> - <br />