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. ~ ~HILLS CITY OF ARDEN HILLS COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 07-55a RESOLUTION ADOPTING SPECIAL ASSESSMENT ROLL FOR THE 2007 PMP IMPROVEMENTS (RESIDENTIAL PROPERTIES) WHEREAS, pursuant to proper notice duly given as required by law, the Council has met and heard and passed upon all objections to the proposed assessment for the improvement of the City of Arden Hills 2007 Pavement Management Program improvement of the following streets: Brighton Way, Lametti Lane, Lametti Circle, Briarknoll Circle, Briarknoll Drive, Dawn Circle East, Royal Lane, and Karth Lake Circle, for the maintenance of the street by the milling, paving, concrete curb and gutter repair, utility repair, and necessary appurtenances, NOW, THEREFORE, BE IT RESOLVED by the Mayor and the City Council that: I. Such proposed assessment roll, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of seven (7) years, unless prepaid, the first of the installments to be payable with general taxes levied in 2007, collectible with such taxes during the year of2008, and shall bear interest at the rate of 6.5 percent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31,2007. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3. If the adopted assessment differs from the proposed assessment as to any particular lot, piece, or parcel of land, the City Administrator shall mail to the owner a notice stating the amount of the adopted assessment. The administrator must also notify affected owners of any changes adopted by the Council in interest rates or prepayment requirements from those contained in the notice of the proposed assessment. 4. The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on such property, to the City Administrator, no interest shall be charged if the entire assessment is paid within 30 \\Melro-inel.us\ardenhills\Admin\Council\Resolutions\2007\07-55a, Adopting Proposed Special Assessment Roll 2007 PMP.doc