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Attachment I 45 1. Such imposed improvement fees, a copy of which is attached hereto as Exhibit 46 A and made a part hereof, shall constitute the fees imposed against the lands named 47 herein to be collected at the same time and in the same manner as provided for the 48 payment and collection of ad valorem taxes under authority of Minn. Stat. 428A.05, 49 428A.14, and 428A.15, and each tract of land herein included is hereby found to be 50 benefitted by the proposed improvement in the amount of the assessed fee levied against 51 it. 52 53 2. Such improvement fees shall be payable in equal annual installments 54 extending over a period of fifteen years from the first Monday in January, and shall bear 55 interest at the rate of 7.75% per annum from the date of adoption of this resolution. 56 The total amount of the fifteen year assessed fees is shown in Attachment E. 57 58 3. The owner of any property so assessed may, at any time prior to the 59 certification of the assessed improvement fees to the Director of the Ramsey County 60 Records and Taxation Division but no later than November 15, 2009, pay the whole of 61 the assessed fees on such property, with interest accrued to the date of payment to the 62 City Treasurer, except that no interest shall be charged if the entire assessed fee is paid 63 within 30 days from the adoption of this resolution; and the owner may, at any time 64 thereafter, pay to the City Finance Department the entire amount of the assessed fees 65 remaining unpaid. 66 67 4. The City Manager shall forthwith transmit a certified duplicate of this assessed 68 improvement fee to the County Property Records and Taxation Division to be extended 69 on the property tax list of the County, and such assessed fees shall be paid over in the 70 same manner as other municipal taxes. 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 The motion for the adoption of the foregoing resolution was duly seconded by Member , and upon a vote being taken thereon, the following voted in favor thereof: and the following voted against the same: none. WHEREUPON said resolution was declared duly passed and adopted.