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RESOLUTION 95 - 28
A RESOLUTION FOR THE CITY OF ARDEN HILLS
A RESOLUTION DETERMINING ASSESSED COST OF
IMPROVEMENT AND ORDERING PREPARATION OF
PROPOSED ASSESSMENT ROLL IN THE MATTER OF
COUNTY ROAD F STREET IMPROVEMENTS OF 1995
WHEREAS costs have been determined for the County Road F Street improvements consisting of a
contract price of $798,808.45 and expenses incurred or to be incurred by the City in the
making of the improvement in the amount of $255,618.70 for a total cost of the
improvement of $1,054,427.15.
NOW, THEREFORE, BE IT RESOLVED by the City Council for 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 benefitted properties is $734,427.15.
2.
The portion of the cost to be assessed against benefitted properties pursuant to the Arden Hills
City Assessment Policies shall be $320,000.00.
3.
The assessments shall be payable in equal annual installments and shall extend over a period of
five to eight years, the first of the installments to be payable on or before the first Monday in
January, 1996, with interest at the rate of 8% 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 ofland, without regard to cash valuation, as provided by law, and shall have available
to 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 shall notify the Council
and schedule a public hearing upon the proposed assessment, causing notice of the hearing by
publication and mail to be made at least two weeks prior to t hearing.
Passed and adopted this 10th day of April, 1995.
ATTEST:
. y Admmistrator
Brian Fritsinger
055-0407.apr