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_e . . . > , CITY OF ARDEN HILLS RAMSEY COUNTY, MINNESOTA RESOLUTION NO. 91-24 A RESOLUTION DETERMINING ASSESSED COST OF IMPROVEMENT, ORDERING PREPARATION OF PROPOSED ASSESSMENT ROLL AND SETTING THE ASSESSMENT HEARING DATE IN THE MATTER OF THE 1991 PAVEMENT MAINTENANCE IMPROVEMENT WHEREAS, costs have been determined for the 1991 Pavement Maintenance Improvement consisting of a contract price of $149,580.43 and expenses incurred or to be incurred by the city in the making of the improvement in the amount of $22,437.08 for a total cost of the improvement of $172,017.51. NOW THEREFORE IT IS RESOLVED by the City Council 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 $91,249.30. 2. The portion of the cost to be assessed against benefitted properties pursuant to the City of Arden Hills Assessment Policies shall be $80,768.21. 3. The assessments shall be payable in equal annual installments and shall extend over a period of three years if assessment is less than $500, or five years if assessment is equal to or over $500. The first of the installments to be payable on or before December 31, 1991, 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 assess- able lot, piece, or parcel of land, without regard to cash valuation, as provided by law, and shall have available at the City Administrator's office a copy of the proposed assessment roll for public inspection. 5. An assessment hearing shall be held before the City Council on the proposed assessments on the 29th day of April, 1991, at 8:30 o'clock P.M. at Arden Hills city Hall.