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Resolution"), the City imposed a housing improvement fee for the Housing Improvement Area; and WHEREAS, this resolution is intended to supersede the Prior Fee Resolution in all respects. NOW, THEREFORE, BE IT RESOLVED, by the City Council of Roseville, Minnesota, as follows: 1. The City hereby imposes a fee on each housing unit within the Housing Improvement Area (the "Housing Improvement Fee"), as specified in Attachment A attached hereto, which Housing Improvement Fee is imposed on the basis of the cost allocation described in the Association's Second Amended Declaration for Common Interest Community No. 727 dated Apri125, 2008. 2. The owner of any housing unit against which the Housing Improvement Fee is imposed may, at any time before the effective date of this Resolution, pay all or a portion of the total Housing Improvement Fee imposed against such housing unit as specified in Attachment A hereto to the City Treasurer, without interest thereon; provided that if only a portion is prepaid the prepayment amount must be at least 25% of the total fee for that unit. Any Housing Improvement Fee (or a portion thereof) not prepaid in accordance with this Section or Section 3(a), below, shall be payable solely in accordance with Section 4 hereof, and may not be prepaid in whole or in part. 3. If, prior to the date of approval of this Resolution, the owner of any unit in the Housing Improvement Area prepaid the fee imposed under the Prior Fee Resolution, such owner must, by the effective date of this resolution, file a written notice with the City Clerk indicating that the owner elects one of the following two options: (a) The owner ratifies its decision to prepay the Housing Improvement Fee, in which event the City will retain the amount of the prior prepayment and treat such amount as a prepayment under Section 2 of this Resolution. If this option is selected, the City will refund to the owner the interest accrued on the amount of the owner's prepayment at the rate of 4.5% accrued from the date of prepayment through June 8, 2009. Such refund will be paid to the owner promptly after the effective date of this Resolution. (b) The owner withdraws its prior prepayment, in which event the City will return to the owner the amount of the prior prepayment together with interest accrued on such amount at the rate of 4.5% accrued from the date of prepayment through. June 8, 2009. Such refund will be paid to the owner promptly after the effective date of this Resolution. If an owner who previously prepaid does not timely file a written notice electing either option (a) or (b) above, the City will treat the prepayment as being ratified, and the City will retain that amount as a prepayment under this Resolution; provided that in such event, the City will not refund interest to the owner as described in paragraph (a) of this Section. Furthermore, notwithstanding anything to the contrary herein, if this Resolution does not become effective because of a veto by unit owners in accordance with Minnesota Statutes, Section 428A.18, 2