4F, Motion to Adopt Resolution 2008-056

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. .. E.lirLL~ CITY OF ARDEN HILLS COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 2008-056 RESOLUTION ADJUSTING THE SPECIAL ASSESSMENT ROLL FOR TAX PARCEL 34-30-23-22-0028 WHEREAS, on September 17, 2007 the Arden Hills City Council adopted Resolution No. 07-68, entitled "Adjusting the Special Assessment Roll for Tax Parcel 34-30-23-22-0028"; and WHEREAS, the Resolution No. 07-68 indicated that the remaining principal balance for the special assessments against tax parcel 34-30-23-22-0028 as of 1/1/08 was $2,733; and WHEREAS, the remaining principal balance for the special assessments on tax parcel 34-30-23-22-0028 as of 1/1/08 should have been $2,333.31. NOW, THEREFORE, BE IT RESOLVED, by the Arden Hills City Council that: 1. The special assessment levied against tax parcel no. 34-30-23-22-0028 by the City of Arden Hills pursuant to resolution no. 07-68 are amended in the following manner: As of January 1, 2008 the remaining principal balance shall be $2,333.31. 2. Such adjusted assessment shall be payable in equal annual installments extending over a period of nine (9) years, wnless prepaid, the first installment to be payable with the general taxes levied in 2007, collectable with such taxes during the year 2008, and shall bear interest at the rate of 9% per annum from January 1, 2008. To the first installment shall be added interest on the entire assessment from January 1,2008 until December 31,2008. To each subsequent installment when due shall be added interest for one (1) year on all unpaid installments. 3. The City Administrator shall forthwith prepare and transmit a certified duplicate of this adjusted assessment roll to be extended on the property lists of the county. Such special assessments shall be collected and paid over in the same manner as other municipal taxes.