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WHEREl\S ,
CITY OF ARDEN HILLS
R1\MSEY COUNl'Y
RESOLUTION N). 92-31B
RESOLUl'ION AIlOP'l'IN3 FINAL ASSESSMENl' ROLL
upon due notice properly made as required by law, the Arden Hills
City Council has met and hear and passed upon all objections to
the proposed assessment for the 1992 Tiller lane street
improvement and has determined the amount to be assessed against
each individual property as the Council deems just;
NJIIl, iHEREFCilE, BE IT RESOLVED by the City council of the City of Arden Hills,
Minnesota :
1. The final assessment roll, as amended, a =py of which is attached
hereto and in=rporated herein by this reference, is hereby accepted and
adopted and shall =nstitute the special assessment against the lands
therein named. Each tract of land in the assessment roll is hereby
found to be benefitted by the inprovement in an amount not less than the
amount of the assessment levied against it.
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2.
SUch assessment shall be payable in equal annual installments, including
both principal and interest, amortized in such amount annually as is
required to pay the principal with interest at 8.00% over a period of
five years if the total assessment is less than $3, 500, and over a
period of eight years if the assessment is equal to or greater than
$3,500.
3.
The owner of any property so assessed may, at any time prior to
certification to the County Auditor of the assessment of the first
installment thereof, pay to the city Treasurer the whole of the
assessment on such property, with interest accrued to the date of
payment; except that no interest shall be charged if the entire
assessment is paid within 30 days after the adoption of this Resolution.
Prepayment may also be made after the certification of the assessment or
first installment thereof by paying to the City Treasurer/County Auditor
the entire amount of the assessment remaining unpaid with interest. In
the case of a payment made before November 15, interest will be
calculated through December 31 of the year in which payment is made. If
payment is made after November 15, interest will be calculated through
December l5 of the next succeeding year.
4. The City Administrator shall transmit to the County Auditor a certified
duplicate of the attached assessment roll to be extended on the property
tax lists of the County. SUch assessment shall be =llected and paid
over in the same manner as other municipal taxes.
PASSED AND ADOPTED BY THE CITY CCJll!K:IL OF THE CITY OF ARDEN HILLS THIS 28TH
my OF SEPTEMBER, 1992.
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{i~ ^AliIt____
Thomas R. Sather, May=
A'lTEST:
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DP# 6222