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EXTRACT OF MINUTES OF MEETING OF THE <br />CITY COUNCIL OF THE CITY OF ROSEVILLE <br />* * * * * * * * * * * <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of <br />Roseville, County of Ramsey, Minnesota was duly held on the 17th day of December, 2007 at <br />6:00 p.m. <br />The following members were present: Kough, Roe, Ihlan, Pust and Klausing <br />and the following were absent: none. <br />Member Roe introduced the following resolution and moved its adoption: <br />RESOLUTION 10578 <br />RESOLUTION DIRECTING THE COUNTY AUDITOR TO <br />LEVY THE FOLLOWING ASSESSMENT AMOUNTS FOR CITY FINANCED <br />PRIVATE IMPROVEMENTS <br />WHEREAS, it is the City's practice to allow private property owners to submit a petition to the <br />City for a local improvement; and <br />WHEREAS, the property owner has agreed to allow the City to pay for the costs up front and <br />then assess the amount back to the owner through the property taxes; and <br />WHEREAS, the property owner has agreed to waive their right to any assessment hearing. <br />NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville, <br />Minnesota, that: <br />1) <br />2) The property owners have agreed to repay the assessment over a 5-year period <br />3) The assessment shall carry an annual interest rate of 6% <br />4) The Council hereby certifies the assessment amounts and requests the Ramsey County <br />Auditor to include in the real estate taxes for taxes due and payable in 2008 - 2012 <br />1 <br />Petitions for local improvements have been received for the following properties <br />