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<br />. <br /> <br />. <br /> <br />. <br /> <br />CITY OF ARDEN HILLS <br />RAMSEY COUNTY, l\fINNESOTA <br /> <br />RESOLUTION 92-48 <br /> <br />A RESOLUTION DETERMINING ASSESSED COST OF <br />IMPROVEMENT AND ORDERING PREPARATION OF <br />PROPOSED ASSESSMENT ROLL IN THE MATTER OF <br />THE WEST ROUND LAKE ROAD 1992 COLD IN-PLACE RECYCLING <br /> <br />WHEREAS, costs have been determined for the 1992 Street Cold In-Place Recycling <br />Improvement consisting of a contract price of $51,643.60 and expenses incurred or <br />to be incurred by the City in the making of the improvement in the amount of <br />$16,525.95 for a total cost of the improvement of $68,169.55. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, <br />Minnesota: <br /> <br />1. Based upon the City Assessment Policies, it is determined that the portion of this <br />improvement to be paid by the City and not assessed to benefited properties is $34,084.78. <br /> <br />2. The portion of the cost to be assessed against benefited properties pursuant to the Arden <br />Hills City Assessment Policies shall be $34,084.78. <br /> <br />3. <br /> <br />The assessments shall be payable in equal annual installments and shall extend over a <br />period of five (5) years, the first of the installments to be payable on or before September <br />15, 1992, with interest at the rate of 8.00% per annum from the date of the adoption of the <br />assessment resolution. <br /> <br />4. The City Administrator with the assistance of the Project Engineer shall forthwith calculate <br />the proper amount to be specially assessed for such improvement against every assessable <br />lot, piece, or parcel of land, without regard to cash valuation, as provided by law, and <br />shall have available at the City Administrator's office a copy of the proposed assessment <br />roll for public inspection. <br /> <br />5. Upon completion of the proposed assessment roll, the City Administrator shall notify the <br />Council and schedule a public hearing on August 17, 1992 upon the proposed assessment, <br />causing notice of the hearing by publication and mail to be made at least two weeks prior to <br />the hearing. <br /> <br />Passed and adopted this 13th day of July, 1992. <br />, <br />./' <br />,,--_.- /;~U /k/l/lil/~./.'.. <br />! .'-,'/;r/y",1 y' .,fI, , ,," <br />Thomas R. Sather, Mayor <br /> <br />