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<br />. <br /> <br />City of Arden Hills <br />2005 Assessment Policy <br /> <br />10. Service District <br />A service district is the area, as determined by 1he City Engineer and <br />approved by the City Council, which will receive benefil from a proposed <br />improvement project. This type of approach for assessmenl purposes is <br />typically used for trunk and subtrunk sanitary sewer projects; trunk, <br />subtrunk, source, slorage and treatment waler projects; and trunk storm <br />sewer projects. <br /> <br />. <br /> <br />11. Certification of Assessment Roll <br />At the time the assessment rolls are adopled by the Cily Council by <br />resolution (refer to Appendix for a samplc resolution), the property owner <br />may pay the enlire assessmen1 agains1 their property in full at Arden Hills <br />City Hall, 1245 W. Highway 96, within thirty (30) days withou1 inlerest <br />charge. Beyond thirty (30) days, but prior to certifiealion to the County, <br />payment (principal plus interest from the assessment roll date) can be <br />made at the City Hall. After the certification of assessment to the Counly <br />is made, a resident may make a payment directly at the Ramsey Counly <br />Government Center, 50 Kellogg Bou]evard, St. Paul. Interest charges <br />apply effective from 1he date of Council approval of the assessment role. <br />It should be noted that Ihe certification is made to the County in early <br />September. <br /> <br />A property owner may pay the total assessment againsl their property wilh <br />accrued interest at any time during the life of Ihe projecl assessment <br />period. <br /> <br />. If paid before November 1St!" interest is calculated to December 31 $1 <br />of the year the payment is made. <br />. If paid after November ]51h, interest will be calculated through <br />December 3] Sl of the nexl year. <br /> <br />. Once the assessments are certified to Ihe County, il is the <br />responsibility of the County staff to calculate Ihe interest charges and <br />include them in Ihe annual property tax payment schedulc. <br /> <br />Example: <br />Assessment Amount <br />No. of years assessed <br />Interes1 Rate <br />Assessment Roll Approval Dale <br />Est. Total Interest over the life <br /> <br />$4,500 <br />]0 <br />6% <br />5/1 /2005 <br />$]665 <br /> <br />. <br /> <br />2005 Assessment Policy Manual - Page 9 <br />