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'It <br /> -AR PEN HILLS <br /> CITY OF ARDEN HILLS <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> RESOLUTION NO. 2026-010 <br /> RESOLUTION DECLARING COSTS TO BE ASSESSED AND <br /> ORDERING PREPARATION OF PROPOSED ASSESSMENTS AND <br /> CALLING FOR HEARING ON THE PROPOSED ASSESSMENTS <br /> WHEREAS, the construction bids have been received for the proposed 2026 PMP Street <br /> and Utility Improvements Project, the improvement of: <br /> • Karth Lake Drive from the west cul-de-sac to Pleasant Drive; <br /> • Pleasant Drive from Amble Drive to the north cul-de-sac; <br /> • Pleasant Circle from the west cul-de-sac to Lexington Avenue(CSAH 51); <br /> • Amble Drive from Karth Lake Drive to Lexington Avenue; <br /> • Amble Circle from Amble Drive to the north cul-de-sac; <br /> • Cummings Park Drive from the west cul-de-sac to Lexington Avenue; <br /> • Karth Lake Circle from Hamline Avenue (CSAH 50) to the south cul-de-sac; <br /> • Arden Manor Park(Hardcourt Improvements); <br /> • Arden Oaks Park(ADA Improvements); <br /> and the contract bid price for such improvement is $3,006,172.10, and the expenses incurred or to <br /> be incurred in the making of such improvement amount to$843,184.90 so that the total cost of the <br /> improvement will be $3,849,357; and <br /> WHEREAS, the City Clerk has prepared a proposed assessment of the cost of the <br /> improvement; and <br /> WHEREAS, the City Clerk has notified the City Council that such proposed assessment <br /> has been completed and filed at City Hall for public inspection. <br /> NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE <br /> CITY OF ARDEN HILLS: <br /> 1. The portion of the cost of such improvement to be paid by the City is hereby declared to <br /> be$3,038,827. The portion of the cost to be assessed against benefited property owners is <br /> declared to be$810,530 <br /> 2. Assessments shall be payable in equal annual installments extending over a period of 10 <br /> years, the first of the installments to be payable with property taxes for the year 2026, and <br /> shall bear an interest rate to be determine from date of the adoption of the assessment <br /> resolution. <br /> Page 1 of 2 <br /> To view the final document,access adopted Resolutions via Arden Hills Public Laserfiche Weblink by visiting <br /> cityofardenhills.org and clicking on Archived Documents under Helpful Links on our main webpage. <br />