10-10-2001 Special Council Agenda

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CITY OF LITTLE CANADA NOTICE OF PUBLIC HEARING ON PROPOSED ASSESSMENT LITTLE CANADA ROAD /McMENEMY STREET PARKING LOT IMPROVEMENT NO. 2001 -05 Notice is hereby given that the City Council will meet at 6:30 P.M. on Wednesday, October 10, 2001 at the City Center located at 515 East Little Canada Road in said City to consider, and possibly adopt, the proposed assessment for the improvement of the Little Canada Road/McMenemy Street parking lot by concrete curb and gutter, pavement reconstruction, and landscape treatments. Adoption of the proposed assessment may occur at the hearing. The properties proposed to be assessed are: 08- 29 -22 -22 -0004 08- 29 -22 -22 -0005 08- 29 -22 -22 -0006 08- 29 -22 -22 -0007 05- 29 -22 -33 -0015 Such assessment is proposed to be payable in equal annual installments extending over a period of ten years, the first of the installments to be payable on or before the first Monday in January, 2002, and will bear interest at the rate of 6.75 percent per annum from the date of the adoption of the assessment resolution. To the first installment shall be added interest on the entire assessment from the date of the assessment resolution until December 31, 2002. To each subsequent installment when due shall be added interest for one year on all unpaid installments. You may at any time prior to certification of the assessment to the county auditor, pay the entire assessment on such property, with interest accrued to the date of payment, to the City Administrator. No interest shall be charged if the entire assessment is paid within 30 days from the adoption of this assessment. You may at any time thereafter, pay to the county auditor the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the succeeding year. If you decide not to prepay the assessment before the date given above, the rate of interest that will apply is 6.75 percent per year. The right to partially prepay the assessment according to Ordinance No. 369 is available. The proposed assessment roll is on file for public inspection at the City Administrator's office. The total amount of the proposed assessment is $68,412.63. Written or oral objections will be considered at the meeting. No appeal may be taken as to the amount of an assessment unless a written objection signed by the affected property owner is filed with the City Administrator prior to the assessment hearing or presented to the presiding officer at the hearing. The Council may upon such notice consider any objection to the amount of a proposed individual assessment at an adjourned meeting upon such further notice to the affected property owners as is deemed advisable. If an assessment is contested or there is an adjourned hearing, the following procedure will be followed: Page 1