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<br />MAYOR WOODBURN: We do have enough reserves and we've
<br />done that before many times.
<br />
<br />Councilman Hicks then introduced the following resolution
<br />and moved its adoption:
<br />
<br />Resolution No. 83-44
<br />
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<br />. ~.--_. ...~,- RESOLO'i'iGN AUoPTING ANU bJ~l".Lt<iYrrNG-... .
<br />ASSESSMENTS FOR IMPROVEMENT
<br />NO. SS-W-P-ST-81-5
<br />
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<br />
<br />BE IT RESOLVED by the City Council of the City of Arden
<br />Hills, Minnesota, as follows:
<br />
<br />l. The amount proper and necessary to be specially
<br />assessed at this time for Improvement No. SS-W-P-ST-8l-5,
<br />against every assessable lot, piece or parcel of land
<br />affected thereby has been duly calculated upon the basis of
<br />benefits, without regard to cash valuation, in accordance
<br />with the provisions of Minnesota Statutes, Chapter 429, as
<br />amended, and notice has been duly mailed and published, as
<br />required by law, that this Council would meet to hear, con-
<br />sider and pass upon all objections, if any, and said proposed
<br />assessment has at all times since its filing been open for
<br />public inspection, and an opportunity has been given to all
<br />interested persons to present their objections, if any, to
<br />such proposed assessments.
<br />
<br />.
<br />
<br />2. This Council, having heard and considered all objec-
<br />tions so presented, and being fully advised in the premises,
<br />finds that each of the lots, pieces and parcels of land enumer-
<br />ated in the proposed assessment was and is specially benefitted
<br />by the construction of said improvement in not less than the
<br />amount of the assessment set opposite the description of each
<br />such lot, piece and parcel of land, respectively, and such
<br />amount so set out is hereby levied against each of the
<br />respective lots, pieces and parcels of land therein.
<br />
<br />3. The proposed assessments are hereby adopted and
<br />confirmed as the proper special assessments for each of said
<br />lots, pieces and parcels of land respectively.
<br />
<br />.
<br />
<br />4. Except as otherwise provided in paragraph 5 hereof,
<br />the assessment against each parcel, together with interest at
<br />the rate of lO% per annum accruing on the full amount thereof
<br />from time to time unpaid, shall be a lien concurrent with
<br />general taxes upon such parcel and all thereof. The total
<br />amount of each such assessment shall be payable in equal annual
<br />principal installments extending over a period of six (6)
<br />years, the first of said installments, together with interest
<br />on the entire assessment from the date hereof to December 31,
<br />1984, to be payable with general taxes for the year 1983,
<br />collectible in 1984, and one of each of the remaining install-
<br />ments, together with one year's interest on that and all
<br />
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