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CITY OF ARDEN HILLS
RAMSEY COUNTY, MINNESOTA
RESOLUTION 92 - ~
A RESOLUTION DETERMINING ASSESSED COST OF
IMPROVEMENT AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL IN THE MATTER OF
THE 1992 TILLER LANE STREET RECONSTRUCTION IMPROVEMENT
WHEREAS, costs have been determined for the 1992 Tiller Lane Street
Reconstruction Improvement consisting of a contract price of
$211,105.00 and expenses incurred or to be incurred by the City in
the making of the improvement in the amount of $67,553.60 for a
total cost of the improvement of $278,658.60.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Arden
Hills, Minnesota:
1. Based upon the City Assessment Policies, it is determined that the
portion of this improvement to be paid by the City and not assessed to
benefited properties is $143,127.96.
2. The portion of the cost to be assessed against benefited properties
pursuant to the Arden Hills City Assessment Policies shall be $135,530.64.
3. The assessments shall be payable in equal annual installments and shall
extend over a period of five (5) years, the first of the installments to be
payable on or before September 15, 1992, with interest at the rate of 8.00%
per annum from the date of the adoption of the assessment resolution.
4. The City Administrator with the assistance of the Project Engineer
shall forthwith calculate the proper amount to be specially assessed
for such improvement against every assessable lot, piece, or parcel of
land, without regard to cash valuation, as provided by law, and shall
have available at the City Administrator's office a copy of the
proposed assessment roll for public inspection.
5. Upon completion of the proposed assessment roll, the City Administrator
sha 11 notify the Council and schedul e a pub 1 i c heari ng on Apri 1 27, 1992
upon the proposed assessment, causing notice of the hearing by publication
and mail to be made at least two weeks prior to the hearing.
Passed and adopted this