7A, Resolution 2010-039, Adopting Proposed Assessment Roll for 2010 PMP

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� CITY OF ARDEN HILLS COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 2010-039 RESOLUTION ADUPTING SPECIAL ASSESSMENT ROLL AND FOR THE 2010 PAVEMENT MANAGEMENT PROGRAM WHEREAS, pursuant to proper notice duly given as required by law, the City Council has met and heard and passed upon all objections to the proposed assessment for the improvement of the City of Arden Hills 2010 Pavement Management Program improvement of the following streets: Valentine Crest Road, from Valentine Avenue to cul de sac, Valentine Avenue, from Lake Valentine Road to Old Highway 10, Valentine Court, from Valentine Avenue to cul de sac, Katie Lane, from Cleveland Avenue to 1272 feet south, Katie Court, from Katie Lane to cul de sac, NOW, THEREFORE, BE IT F�ESOLVED by the Mayor and the City Council that: 1. 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 assessed against each parcel of land on Valentine Avenue, Valentine Crest Road, and Valentine Court shall be payable in equal annual installments extending over a period of ten (10) years, unless prepaid, the first of the installments to be payable with general taxes levied in 2010, collectible with such taxes during the year of 2011. Such assessment assessed against each parcel of land on Katie Lane and Katie Court will be payable, unless prepaid, in five (5) equal annual installments, the first of such installments to be payable with general taxes levied in 2010, collectible with such taxes during the year of 2011. The assessment shall bear interest at the rate of 4.5 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 3 l, 2010. To each subsequent installment when due shall be added interest for one year on all unpaid installments.