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<br />I" . <br /> . <br /> STATE OF MINNESOTA <br />~ COUNTY OF RAMSEY <br /> CITY OF ARDEN HILLS <br /> RESOLUTION #96-34a <br /> A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL <br />I (5 YEARS AMORTIZATION) FOR PARCELS 20, 33, 34 AND 38 <br /> OF THE RECO~STRUCTION IMPROVEMENT PROJECT; AND <br /> PARCEL 46 OF THE BITUMINOUS OVERLAY PROJECT. <br />1 <br />I 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 1996 Street Improvement and has determined the amount to be assessed <br />I against each individual property as the Council deems just; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, <br />I Minnesota: <br /> L Final assessment roll, a copy of which is attached hereto and incorporated herein by this <br />I reference, is hereby accepted and adopted and shall constitute the special assessment <br /> against the lands therein named, Each such tract ofland 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 />Ie assessment levied against it. <br /> 2. Such assessment shall be payable in equal annual installments, including both principal <br />I and interest, amortized in such amount annually as is required to pay the principal with <br /> interest as 8% over a period of five years, <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 <br />I Treasurer the whole of the assessment on such property, with interest accrued to the date <br /> of payment; except that no interest shall be charged if the entire assessment is paid within <br /> 30 days after the adoption of this Resolution. Prepayment may also be made after the <br />I certification of the assessment or first installment thereof by paying to the City <br /> Treasurer/Auditor the entire amount of the assessment remaining unpaid with interest. In <br /> the case of a payment made before November 15, interest will be calculated through <br />I December 31 of the next succeeding year. <br />I <br />I <br />,. <br />I <br /> ! <br />