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<br />. <br /> <br />. <br /> <br />. <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF ARDEN HILLS <br /> <br />RESOLUTION 98-31 <br /> <br />A RESOLUTION DETERMINING ASSESSED COST OF IMPROVEMENT AND <br />ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL IN THE <br />MATTER OF 1998 STREET IMPROVEMENTS <br /> <br />WHEREAS, costs have been determined for the 1998 Street Improvements consisting of a <br />contract price of $620,635.34 and expenses incurred or to be incurred by the City in the making <br />of the improvement in the amount of$160,362.17, for a total cost of the improvement of <br />$780,997.51. <br /> <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Arden Hills, <br />Minnesota: <br /> <br />1. Based upon the City Assessment Policies, it is determined that the portion ofthis <br />improvement to be paid by the City and not assessed to benefitted properties is <br />$403,586.37. <br /> <br />2. The portion of the cost to be assessed against benefitted properties pursuant to the Arden <br />Hills City Assessment Policies shall be $377,411.14. Including $141,688 to the City of <br />New Brighton for their share of Stowe A venue reconstruction costs. <br /> <br />3. <br /> <br />The assessments shall be payable in equal annual installments and shall extend over a <br />period of five years for those assessments less than or equal to $3,500, or eight years for <br />those assessments greater than $3,500, the first ofthe installments to be payable <br />beginning in 1999, with interest at the rate of 8.00% per amlum from the date of the <br />adoption of the assessment resolution. <br /> <br />4. The City Administrator with the assistance ofthe Project Engineer shall forthwith <br />calculate the proper amount to be specially assessed for such improvement against every <br />assessable lot, piece, or parcel of land, without regard to cash valuation, as provided by <br />law, and shall have available to the City Administrator's office a copy of the proposed <br />assessment roll for public inspection. <br /> <br />5, Upon completion of the proposed assessment roll, tlle City Administrator shall notify the <br />Council and schedule a public hearing upon the proposed assessment, causing notice of <br />the hearing by publication and mail to be made at least two weeks prior to the hearing. <br /> <br /><! <br /> <br />PASSED AND ADOPTED BY THE CITY COUNCIL OF TlIE CIT <br />THIS 9TH DAY OF MARCH, 1998. <br /> <br />'" <br /> <br /> <br />F ARDEN HILLS <br /> <br />^m~ <br /> <br />BRIAN FRITSING , CITY ADMINISTRATOR <br />