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.... . CITY OF ARDEN HILLS RAMSEY COUNTY, MINNESOTA RESOLUTION NO. 91-34 RESOLUTION ADOPTING FINAL ASSESSMENT ROLL FOR VALENTINE AVENUE IMPROVEMENTS (1991 PAVEMENT MAINTENANCE PROJECT) WHEREAS, upon due notice properly served as required by law, the Arden Hills City council has met and heard and passed upon all objections to the proposed assessment for the 1991 Pavement Maintenance Improvement and has determined the amount to be assessed against each individual property as the Council deems just: NOW, THEREFORE BE IT RESOLVED, by the Arden Hills city Council as follows: 1. . The final assessment roll, a copy of which is attached hereto and incorporated herein by this reference, is hereby accepted and adopted and shall constitute the special assessment against the lands therein named. Each such tract of land in the assessment roll is hereby found to be benefitted by the improvement in an amount not less than the amount of the assessment levied against it. 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 three years if the total assessment is less than or equal to $499.99, or a period of five years if the total assessment is greater than or equal to $500.00. . 3. The owner of any property so assessed, may, at any time prior to certification to the County Auditor of the assessment or 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 31 of the next succeeding year.