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M/S/P DeLapp/Dunn - to Adopt Resolution 2001-084, A Resolution Adopting the Final Assessment Roll for Unpaid Current Municipal Services and Utilities. (Motion passed 4-0). B. 15`h Street Special Assessment Public Hearing The public hearing notice was published in the September 14, 2001 Stillwater Gazette and notices were mailed to property owners of their proposed assessment and interest rate. Finance Director, Terry Berg, reported the interest rate stated in the public hearing notice was 7.0%, which the Council set due to the events of September 11, 2001. The overall coupon interest rate on the bonds sold on September 24, 2001 was 4.40%. The interest rate in the proposed resolution is 5.4%. Notices will be sent to each property owner notifying them of their final special assessment. Mayor Hunt opened up the public hearing at 7:15 p.m. Dick Cormier, 8742 15`' Street N., asked what happened to the petition he submitted against the project. Administrator Kueffner responded the Council declined the petition and ordered the project. Mr. Cormier stated he and Steven Dahly did not receive the public hearing notice. Administrator Kueffner referred to the certificate of issuance of mailed public hearing showing notices had been sent to Mr. Cormier and Mr. Dahly. Public record showed that Mr. Cormier and Dahly spoke at the meeting and Mr. Cormier's letter was read. Mr. Cormier referred to the Minnesota Statutes Section 429.081 and felt the Council was overstepping their bounds. Dick Cormier stated he faxed over letter on August 17, 2001 to the City and asked why there was no answer. Tom Prew stated the road is not complete and the driveways have to be cleaned up. Mayor Hunt closed the public hearing at 7:21 p.m.. Mr. Cormier submitted his appeal of the assessment. M/S/P Armstrong/Dunn - to adopt Resolution No. 2001-085, A Resolution Adopting Assessment for 15t' Street. (Motion passed 4-0). LAKE ELMO CITY COUNCIL MINUTES OCTOBER 2, 2001 3