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<br />Item No: 7.C. <br />Meeting Date: February 9, 2015 <br />Type of Business: Council Business <br />Administrator Review: _____ <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 8372 Adopting a Special Assessment Levy for a <br />Private Sewer Improvement at 8130 Edgewood Drive <br /> <br /> <br />The City repaired a sewer line that the resident was unable to effectuate due to the complexity of the <br />repair. The property is located at 8130 Edgewood Drive. The property owner has signed an <br />agreement to waive their right to a public hearing and has agreed to pay the full cost of the private <br />improvement plus interest and the administrative fee. The total cost of the private sewer repair is <br />$12,605.57 <br /> <br />The property owner may pay the amount due by 4:30 P.M. on Monday, February 9, 2015 in order to <br />avoid the $35.00 administrative fee. The owner may prepay the assessment between February 3, <br />2015 and March 2, 2015 without paying additional interest. After that, interest at the rate of 5.50% will <br />accrue from February 2, 2015 through the payment date. This interest rate and administrative fee <br />were set by the City Council in Resolution 7135. <br /> <br />On or after March 3, 2015, we will forward the assessment roll to Ramsey County for collection with <br />the 2016 property taxes. <br /> <br />Respectfully submitted, <br /> <br /> <br />___________________________ <br />Mark Beer <br /> <br /> <br /> <br />