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G. Municipal State-Aid Construction Funds <br /> Municipal State-Aid construction funds are monies apportioned to the City from the State to <br /> be used for the construction of routes designated on the Municipal State-Aid system. All <br /> construction funded with these monies must be in accordance with the Minnesota <br /> Department of Transportation(MnDOT) Office of State-Aid design criteria. <br /> Municipal State Aid (MSA) Funds will be utilized to offset the city's portion of the project <br /> cost. <br /> H. Interest Rate on Unpaid Balance <br /> The interest rate used for the assessment shall be designated at the prime rate plus two (2) <br /> percentage points, fixed for the duration of the outstanding balance. The effective date of the <br /> interest shall be the date the Council approval of the assessment role. <br /> I. Land Not Included in Assessment <br /> The City may reserve the right to delete land within the assessable area from the assessment <br /> roles if, in its opinion, the land cannot be developed and/or the improvement does not <br /> provide benefit. No development of that property shall be permitted, nor shall any physical <br /> . connection to the City's utility or drainage facilities be made by any development on that <br /> property until the assessment or connection fees are paid. <br /> J. Service District <br /> A service district is the area, as determined by the City Engineer and approved by the City <br /> Council, which will receive benefit from a proposed improvement project. This type of <br /> approach for assessment purposes is typically used for trunk and subtrunk sanitary sewer <br /> projects; trunk, subtrunk, source, storage and treatment water projects; and trunk storm sewer <br /> projects. <br /> K. Certification of Assessment Roll <br /> At the time the assessment rolls are adopted by the City Council by resolution (refer to <br /> Appendix for a sample resolution), the property owner may pay the entire assessment against <br /> their property in full at Arden Hills City Hall, 1245 W. Highway 96, within thirty (30) days <br /> without interest charge. Beyond thirty (30) days, but prior to certification to the County, <br /> payment (principal plus interest from the assessment roll date) can be made at the City Hall. <br /> After the certification of assessment to the County is made, a resident may make a payment <br /> directly at the Ramsey County Government Center, 50 Kellogg Boulevard, St. Paul. Interest <br /> • <br /> 2004 Assessment Policy—Page 8 <br />