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. CITY OF ARDEN HILLS RAMSEY COUNTY. MINNESOTA RESOLUTION 91 - 37 A RESOLUTION DETERMINING ASSESSED COST OF IMPROVEMENT AND ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL IN THE MATTER OF THE NORTH SNELLING AVENUE IMPROVEMENT OF 1991 WHEREAS. costs have been determined for the North Snellin~ Avenue improvement consisting of a contract price of $20,900 and expenses incurred or to be incurred by the City in the making of the improvement in the amount of $77,100 for a total cost of the improvement of $318,000 NOW, THEREFORE, IT IS RESOLVED by the City Council of the City of Arden Hills, Minnesota: . 1. Based upon the City Assessment Policies, it is determined that the portion of this improvement to be paid by the City and not assessed to benefited properties is $143,000. 2. The portion of the cost to be assessed against benefited properties pursuant to the Arden Hills City Assessment Policies shall be $175,000. 3. The assessments shall be payable in equal annual installments and shall extend over a period of 10 years, the first of the installments to be payable on or before the first Monday in January, 1992, with interest at the rate of B% per annum from the date of the adoption of the assessment resolution. 4. The City Administrator with the assistance of the Project Engineer shall forthwith calculate the proper amount to be specially assessed for such improvement against every assessible lot, piece, or parcel of land, without regard to cash valuation, as provided by law, and shall have available at the Administrator's office a copy of the proposed assessment roll for pUblic inspection. 5. Upon completion of the proposed assessment roll, the City Administrator shall notify the Council and schedule a pUblic hearing upon the proposed assessment, causing notice of the hearing by publication and mail to be made at least two weeks prior to the hearing. Pm'" oe" ,"opte" thi, 'cO "0' O~:II~ Thomas Sather. Mayor ATTEST: . Clerk/Administrator