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STATE OF MINNESOTA . COUNTY OF RAMSEY CITY OF ARDEN HILLS RESOLUTION NO. 87-61 RESOLUTION ADOPTING AND CONFIRMING ASSESSMENTS FOR EDGEWATER IMPROVEMENTS IMPROVEMENT NO. SS-W-P-ST-85-2 BE IT RESOLVED by the City Council of the City of Arden Hills, Minnesota, as follows: 1. The amount proper and necessary to be specially assessed at this time for Improvement No. SS-W-P-ST-85-2 against every assessable lot, parcel or tract of land (the "parcel") affected thereby has been duly calculated upon the basis of benefits, without regard to cash valuation, in accordance with the provisions of Minnesota Statutes, Chapter 429, as amended, and notice has been duly mailed and published, as required by law, that this Council would meet to hear, consider and pass upon all objections, if any, and said proposed assessment has at all time since its filing been open for public inspection, and an opportunity has been given to all interested persons to present their objections, if any, to such proposed assessments. . 2. This Council, having heard no objections (none having been made), and being fully advised in the premises, finds that each of the parcels enumerated in the proposed assessment was and is specially benefited by the construction of said improvement in not less than the amount of the assessment set opposite the description of each such parcel, respectively, and such amount so set out is hereby levied against each of the respective parcels therein. 3. confirmed as the respectively. The proposed assessments are hereby adopted and proper special assessments for each of said parcels 4. The assessment against each such parcel of land, together with interest thereon at the rate of eight percent (8%) per annum accruing on the full amount thereof until paid in full, shall be a lien concurrent with general taxes upon each such parcel and all thereof. The total amount of each such assessment shall be payable in equal annual principal installments extending over a period of six (6) years. the first of such installments, together with interest on the entire assessment from the date hereof to December 31, 1988, to be payable with general taxes for the year 1987, collectible in 1988, and one of each of the remaining installments, together with one year's interest on that and all other unpaid installments, to be payable with general taxes for each consecutive year hereafter until the entire assessment is paid. .