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<br />. <br /> <br />_3 <br /> <br />e <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF ARDEN HILLS <br /> <br />RESOLUTION 96-27 <br /> <br />A RESOLUTION FOR THE CITY OF ARDEN HILLS <br /> <br />A RESOLUTION DETERMINING ASSESSED COSTS OF IMPROVEMENT <br />AND ORDERING PREPARATION OF PROPOSED ASSESSMENT <br />ROLL IN THE MATTER OF THE STREET IMPROVEMENTS PROJECT OF 1996 <br /> <br />WHEREAS, costs have been determined for the 1996 Street Improvements consisting of a contract price of <br />$379,973.43 and expenses incurred or to be incurred by the City in the making of the <br />improvement in the amount of$121,591.50 for a total cost ofthe improvement of$501,564,93, <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, Minnesota: <br /> <br />1. <br /> <br />Based upon the City Assessment Policies, it is determined that the portion of this improvement to be <br />paid by the City and not assessed to benefitted properties is $250,782.47, <br /> <br />2, <br /> <br />The portion of the cost to be assessed against benefitted properties pursuant to the Arden Hills City <br />Assessment Policies shall be $250,782.46. <br /> <br />The assessments shall be payable in equal annual installments and shall extend over a period offive <br />years for those assessments less than or equal to $3,500. or eight years for those assessments greater <br />than $3,500; the first of the installments to be payable on or before the first Monday in January, 1997, <br />with interest at the rate of 8% per annum from the date ofthe adoption of the assessment resolution, <br /> <br />4, <br /> <br />The City Administrator with the assistance of the Project Engineer shall forthwith calculate the proper <br />amount to be specially assessed for such improvement against every assessable lot, piece, or parcel of <br />land, without regard to cash valuation, as provided by law, and shall have available at the City <br />Administrator's office a copy ofthe proposed assessment roll for public inspection, <br /> <br />5. <br /> <br />A Public Hearing shall be held before the City Council on the proposed assessment roll on the 28th day <br />of May, 1996 at 7:30 p.m, at the New Brighton City HaiL <br /> <br />6, <br /> <br />The City Administrator shall provide notice ofthe hearing by publication and mail to be made at least <br />two weeks prior to the hearing. <br /> <br /> <br />PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF <br />THIS 29TH DAY OF APRIL, 1996. <br /> <br />ATTEST: <br /> <br />