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1. The method of cost allocation shall be based on the Association Board's proposed allocation resulting from the Second Amended Declaration dated April 25, 2008; such methodology and cost allocation being more fully set forth in Attachment "A" to the resolution". 2. Such imposed improvement fees, a copy of which is attached hereto as Exhibit A and made a part hereof, shall constitute the fees imposed against the lands named herein to be collected at the same time and in the same manner as provided for the payment and collection of ad valorem taxes under authority of Minn. Stat. 428A.05, 428A.14, and 428A.15, and each tract of land herein included is hereby found to be benefitted by the proposed improvement in the amount of the assessed fee levied against it. 3. Such improvement fees shall be payable in equal annual installments extending over a period of fifteen years from the first Monday in January, and shall bear interest at the rate of 7.75% per annum from the date of adoption of this resolution. The total amount of the fifteen year assessed fees is shown in Attachment A. 4. The owner of any property so assessed may, at any time prior to the certification of the assessed improvement fees to the Director of the Ramsthe wwhole of Records and Taxation Division but no later than November 15, 2009, p y the assessed fees on such property, with interest accrued to the date of payment to the City Treasurer, except that no interest shall be charged if the entire assessed fee is paid within 30 days from the adoption of this resolution; and the owner may, at any time thereafter, pay to the City Finance Department the entire amount of the assessed fees remaining unpaid. 5. The City Manager shall forthwith transmit a certified duplicate of this assessed improvement fee to the County Property Records and Taxation Division to be extended on the property tax list of the County, and such assessed fees shall be paid over in the same manner as other municipal taxes. The motion for the adoption of the foregoing resolution was duly seconded by Member Pust, and upon a vote being taken thereon, the following voted in favor thereof: Roe, Johnson, Pust and Klausing. and the following voted against the same: Ihlan. WHEREUPON said resolution was declared duly passed and adopted.