97-015a - Laserfiche WebLink

Home Browse Search

. . e < ~ , STATE OF MINNESOTA RAMSEY COUNTY CITY OF ARDEN HILLS RESOLUTION NO. 97-15a A RESOLUTION ADOPTING FINAL ASSESSMENT ROLL (8 YEAR AMORTIZATION) FOR PARCELS 05, 06, 07, AND 10 OF THE RECONSTRUCTION IMPROVEMENT PROJECT WHEREAS, upon due notice properly made as required by law, the Arden Hills City Council has met and heard and passed upon all objections to the proposed assessment for the 1997 Street Improvement and has determined the amount to be assessed against each individual property as the Council deems just; NOW THEREFORE BE IT RESOLVED, by the City Council of the City of Arden Hills, Minnesota: 1. The final assessment roll, a copy of which is attached hereto and incorporated herein by this reference, is hereby accepted and adopted and shall constitute the special assessment against the lands therein named. Each such tract of land in the assessment roll is hereby found to be benefitted by the improvement in an amount not less than the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments, including both principal and interest, amortized in such amount annually as is required to pay the principal with interest at eight percent (8%) over a period of eight (8) years for those assessment amounts equal to or greater than $3,500.00 in value. 3. The owner of any property so assessed, may, at any time prior to certification to the County Auditor of the assessment or the first installment thereof, pay to the City Treasurer the whole of the assessment on such property, with interest accrued to the date of payment; except that no interest shall be charged if the entire assessment is paid within thirty (30) days after the adoption of this Resolution. Prepayment may also be made after the certification of the assessment or first installment thereof by paying to the city Treasurer/County Auditor the entire amount of the assessment remaining unpaid with interest. In the case of a payment made before November 15, interest will be calculated through December 31 of the year in which payment is made. If payment is made after November 15, interest will be calculated through December 31 ofthe next succeeding year.