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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION 93 - 31 <br /> <br />CITY OF ARDEN HILLS <br />RAMSEY COUNTY, MINNESOTA <br /> <br />A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL <br />IN THE MATTER OF THE 1993 PAVEMENT <br />MAINTENANCE IMPROVEMENT <br /> <br />WHEREAS, upon due notice property made as required by law, the Arden Hills City Council has met <br />and heard and passed upon all objections to the proposed assessment for the 1993 <br />Pavement Maintenance Improvement and has determined the amount to be assessed <br />against each individual property as the Council deems just; <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, Minnesota: <br /> <br />I. Final assessment roll, a copy of which is attached hereto and incorporated herein by this <br />reference, is hereby accepted and adopted and shall constitute the special assessment against the <br />lands therein named. Each such tract of land in the assessment roll is hereby found to be <br />benefitted by the improvement in an amount not less than the amount of the assessment levied <br />against it. <br /> <br />2. <br /> <br />Such assessment shall be payable in equal annual installments, including both principal and <br />interest, amortized in such amount annually as is required to pay the principal with interest as <br />8 % over a period of three years for assessments less than $500 and five years for <br />assessments equal to or greater than $500. <br /> <br />3. The owner of any property so assessed, may, at any time prior to certification to the County <br />Auditor of the assessment or the first installment thereof, pay to the City Treasurer the whole <br />of the assessment on such property, with interest accrued to the date of payment; except that no <br />interest shall be charged if the entire assessment is paid within 30 days after the adoption of this <br />Resolution. Prepayment may also be made after the certification of the assessment or first <br />installment thereof by paying to the City Treasurer I Auditor the entire amount of the assessment <br />remaining unpaid with interest. In the case of a payment made before November 15, interest will <br />be calculated through December 31 of the next succeeding year. <br /> <br />4. The City Administrator shall transmit to the County Auditor a certified duplicate of the attached <br />assessment roll to be extended on the property tax lists of the County. Such assessment shall be <br />collected and paid over in the same manner as other municipal taxes. <br /> <br />ATTEST: <br /> <br />Passed and adopted this 10th ~:' &L <br /> <br /> <br />Thomas R. Sather, Mayor <br /> <br />DOr6 <br /> <br /> <br />RES-520.039 <br />