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<br />. <br /> <br />WHEREl\S , <br /> <br />CITY OF ARDEN HILLS <br />R1\MSEY COUNl'Y <br /> <br />RESOLUTION N). 92-31B <br /> <br />RESOLUl'ION AIlOP'l'IN3 FINAL ASSESSMENl' ROLL <br /> <br />upon due notice properly made as required by law, the Arden Hills <br />City Council has met and hear and passed upon all objections to <br />the proposed assessment for the 1992 Tiller lane street <br />improvement and has determined the amount to be assessed against <br />each individual property as the Council deems just; <br /> <br />NJIIl, iHEREFCilE, BE IT RESOLVED by the City council of the City of Arden Hills, <br />Minnesota : <br /> <br />1. The final assessment roll, as amended, a =py of which is attached <br />hereto and in=rporated herein by this reference, is hereby accepted and <br />adopted and shall =nstitute the special assessment against the lands <br />therein named. Each tract of land in the assessment roll is hereby <br />found to be benefitted by the inprovement in an amount not less than the <br />amount of the assessment levied against it. <br /> <br />. <br /> <br />. <br /> <br />2. <br /> <br />SUch assessment shall be payable in equal annual installments, including <br />both principal and interest, amortized in such amount annually as is <br />required to pay the principal with interest at 8.00% over a period of <br />five years if the total assessment is less than $3, 500, and over a <br />period of eight years if the assessment is equal to or greater than <br />$3,500. <br /> <br />3. <br /> <br />The owner of any property so assessed may, at any time prior to <br />certification to the County Auditor of the assessment of the first <br />installment thereof, pay to the city Treasurer the whole of the <br />assessment on such property, with interest accrued to the date of <br />payment; except that no interest shall be charged if the entire <br />assessment is paid within 30 days after the adoption of this Resolution. <br />Prepayment may also be made after the certification of the assessment or <br />first installment thereof by paying to the City Treasurer/County Auditor <br />the entire amount of the assessment remaining unpaid with interest. In <br />the case of a payment made before November 15, interest will be <br />calculated through December 31 of the year in which payment is made. If <br />payment is made after November 15, interest will be calculated through <br />December l5 of the next succeeding year. <br /> <br />4. The City Administrator shall transmit to the County Auditor a certified <br />duplicate of the attached assessment roll to be extended on the property <br />tax lists of the County. SUch assessment shall be =llected and paid <br />over in the same manner as other municipal taxes. <br /> <br />PASSED AND ADOPTED BY THE CITY CCJll!K:IL OF THE CITY OF ARDEN HILLS THIS 28TH <br />my OF SEPTEMBER, 1992. <br /> <br />.-;1 .if' J / <br />{i~ ^AliIt____ <br />Thomas R. Sather, May= <br /> <br />A'lTEST: <br /> <br /> <br />~ <br /> <br />DP# 6222 <br />