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<br /> MINUTES <br /> CITY COUNCIL <br /> OCTOBER 19, 2010 <br /> be assessed is somewhat less than what was proposed at the improvement hearing. <br /> The Engineer noted that commercial properties are assessed at twice the <br /> residential rate. <br /> The Engineer then reviewed assessment payment options noting that property <br /> owners can pay their assessment in full or part to the City within 30 days of <br /> adoption of the assessment (through November 18, 2010) with no interest. After <br /> that 30-day period, the unpaid assessment balance will be certified to Ramsey <br /> County and spread for collection with property taxes fora 10 year period at 5% <br /> interest. The Engineer noted that once an assessment balance is certified to the <br /> County, the property owner can pay it in full during the 10-year period. However, <br /> that payment should be paid by November 15i~' of any given year in order to avoid <br /> the next year's interest being added to the pay-off amount. Property owners on a <br /> fixed income can request an assessment deferral provided that income guidelines <br /> are met. Assessments for undeveloped portions of lots can be deferred until <br /> developed. However, deferred assessments do accrue interest. The City <br /> Administrator pointed out that the first year's interest on an assessment will <br /> include interest for the balance of 2010 as well as the full yeat• for 20] 1 <br /> (essentially an extra 73 days). <br /> There was no one present wishing to comment on this assessment. It was also <br /> noted that the City has received no formal written objections to the assessment. <br /> Upon motion by Keis, seconded by Boss, the public hearing was closed. <br /> Mr. Keis introduced the following resolution and moved its adoption: <br /> RESOLUTION NO. 2010-10-252 -ADOPTING THE ASSESSMENT FOR <br /> IMPROVEMENT NO. 2010-I1, SYLVAN STREET, AS PRESENTED SY <br /> THE CITY ENGINEER <br /> The foregoing resolution was duly seconded by Boss. <br /> Ayes (3). <br /> Nays (0). Resolution declared adopted. <br /> IMP. NO. Blesener opened the public hearing to consider the adoption of assessment roll <br /> 2010-18 for the improvement of Ontario Road (from LaBore Road to cu]-de-sac) by mill <br /> ONTARIO and overlay of bituminous street surface as well as concrete curb and gutter repair <br /> ROAD and/or replacement. <br /> The City Engineer reviewed project costs noting that there are at $108,747.50 of <br /> which $52,570.38 are proposed to be assessed. "fhe Engineer also noted that <br /> several of the Ontario Road properties opted for additional driveway curbing <br /> 8 <br /> <br />