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<br />CITY OF ARDEN HILLS
<br />RAMSEY COUNT, MINNESOTA
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<br />RESOLUTION 92 - 5 9
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<br />A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL IN THE MATTER OF THE
<br />1992 WEST ROUND LAKE ROAD COLD IN-PLACE RECYCLING IMPROVEMENT
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<br />WHEREAS, upon due notice property 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 1992 West Round Lake Road Cold In-Place Recycling Improvement and has
<br />determined the amount to be assessed against each individual property as the
<br />Council deems just;
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<br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills,
<br />Minnesota:
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<br />1. 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
<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 />assessment levied against it.
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<br />2.
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<br />Such assessment shall be payable in equal annual installments, including both principal
<br />and interest, amortized in such amount annually as is required to pay the principal with
<br />interest at 8.00 % over a period of five years.
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<br />3.
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<br />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 />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 />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.
<br />In the case of a payment made before November 15, interest will be calculated through
<br />December 31 of the next succeeding year.
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<br />4.
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<br />The City Administrator shall transmit to the County Auditor a certified duplicate of the
<br />attached assessment roll to be extended on the property tax lists of the County. Such
<br />assessment shall be collected and paid over in the same manner as other municipal taxes.
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<br />Passed and adopted this 17 day of AlJiust, 19941
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<br />Thomas R. Sather; Mayor
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<br />Catherine 1. I
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<br />Clerk-Administrator
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<br />RES-035
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