09-07-1983 Council Agenda - Laserfiche WebLink

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TERMS AND DEFINITIONS 1. SEWER AVAILABILITY CHARGE AND WATER AVAILABILITY CHARGE (a/k /a Sewer Connection Charge and Water Connection Charge) The purpose of this is to pay for oversizing the main. You may have a six inch or four inch line in front of your house, but somewhere down the line a larger main had to be put in to be connected to. In order to bring down the front footage cost, the City has adopted a policy of sewer availability and water availability charges. Where houses and buildings exist, this charge is placed on the assessment roll. When a new building is constructed, the availability charge is part of a building permit. 2. INTEREST The interest rate on this improvement is 10 percent per annum. The interest rate commences with the adoption of the assessment roll (September 7, 1983). However, the interest rate for the first year commences from September 7, 1983 to December 31, 1984. The interest is higher on the first year. 3. ASSESSMENT PAYMENTS You have 30 days from the adoption of the assessment roll to pay the assessment in full without interest. The 30 days commences from September 7, 1983 to October 7, 1983. After the 7th of October the assessment is levied against the property and is paid with your real estate tax. If you wish to pay the assess- ment in full after October 7, 1983, you may pay it at the Ramsey County Treasurer's Office (Ramsey County Department of Property Taxation). 4. TERMS OF ASSESSMENTS The assessments will be for ten years. 5. DEFERRED ASSESSMENTS For senior citizens and certain disabled persons see the enclosed policy for deferred assessments.