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<br />.. .... <br />. <br />I' STATE OF MINNESOTA <br /> RAMSEY COUNTY <br /> CITY OF ARDEN HILLS <br />. RESOLUTION NO. 97-14a <br />. A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL <br /> (5 YEAR AMORTIZATION) <br /> FOR PARCELS 35, 36, 37, 38, 39, 40, 41 AND 42 OF THE <br />. BITUMINOUS OVERLAY IMPROVEMENT PROJECT, AND <br /> PARCEL 31 OF THE RECONSTRUCTION IMPROVEMENT PROJECT <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 the 1997 Street <br />. Improvement and has determined the amount to be assessed against each individual property as <br /> the Council deems just; <br />. NOW THEREFORE BE IT RESOLVED, by the City Council ofthe City of Arden Hills, <br /> Minnesota: <br />'- 1. The final assessment roll, a copy of which is attached hereto and incorporated <br /> herein by this reference, is hereby accepted and adopted and shall constitute the <br /> special assessment against the lands therein named. Each such tract ofland in the <br />I assessment roll is hereby found to be benefitted by the improvement in an amount <br /> not less than the amount of the assessment levied against it. <br />. 2. Such assessment shall be payable in equal annual installments, including both <br /> principal and interest, amortized in such amount annually as is required to pay the <br /> principal with interest at eight percent (8%) over a period of five (5) years for <br />I those assessments less than $3,500.00 in value. <br /> 3. The owner of any property so assessed, may, at any time prior to certification to <br />I the County Auditor of the assessment or the first installment thereof, pay to the <br /> City Treasurer the whole of the assessment on such property, with interest accrued <br />. to the date of payment; except that no interest shall be charged if the entire <br /> assessment is paid within thirty (30) days after the adoption of this Resolution. <br /> Prepayment may also be made after the certification of the assessment or first <br />I installment thereof by paying to the city Treasurer/County Auditor the entire <br /> amount of the assessment remaining unpaid with interest. In the case of a <br /> payment made before November IS, interest will be calculated through December <br />. 31 of the year in which payment is made. Ifpayment is made after November IS, <br /> interest will be calculated through December 31 of the next succeeding year. <br />t' <br />. <br />