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<br />Item No: 7.A. <br />Meeting Date: October 13, 2014 <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: Public Hearing to receive Public Input and pass upon Resolution <br />8310 Adopting a Special Assessment Levy for Delinquent Public <br />Utility Accounts <br /> <br /> <br />A public hearing is scheduled for 7:00 P.M. or as soon thereafter to receive public input regarding the <br />proposed assessment of delinquent public utility accounts. Individual notices of the meeting were sent <br />by first class mail to the affected property owners on September 26, 2014. Attached is the full roll of <br />assessment notices that were sent out. These are accounts that were one quarter delinquent as of <br />September 1, 2014. <br /> <br />Some of the property owners already have paid, or will pay, the amount due by 4:30 P.M. on Monday, <br />October 13, 2014 in order to avoid the $35.00 administrative fee. Others will pay after the roll is <br />certified Monday night, but before the roll is forwarded to Ramsey County. In that case, they will pay <br />the total due, including the administrative fee. <br /> <br />Owners may prepay the assessment between October 14, 2014 and November 12, 2014 without <br />paying additional interest. After that, interest at the rate of 5.5% will accrue from October 13, 2014 <br />through the payment date. The interest rate and administrative fee were set by the City Council in <br />Resolution 7135. <br /> <br />On or about November 28, 2014, we will forward the assessment roll, minus any prepayments, to <br />Ramsey County for collection with the 2015 property taxes. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br />___________________________ <br />Mark Beer <br /> <br /> <br /> <br />