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<br />Item No: 7.H <br />Meeting Date: May 14, 2012 <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 <br />Resolution 7945 Adopting a Special Assessment Levy for <br />Delinquent Public Utility Accounts <br /> <br /> <br />A public hearing is scheduled for 7:40 P.M. to receive public input regarding the proposed <br />assessment of delinquent public utility accounts. Individual notices of the meeting were sent <br />by first class mail to the affected property owners on April 24, 2012. <br /> <br />The property owners have until 4:30 P.M. on Monday, May 14, 2012 to pay the amount in full <br />in order to avoid the $35.00 administrative fee. The property owner may pay after the roll is <br />certified Monday night, but before the roll is forwarded to Ramsey County. In that case, they <br />will pay the total due, including the administrative fee. <br /> <br />The owner may prepay the assessment between May 15, 2012 and June 14, 2012 without <br />paying additional interest. After that, interest at the rate of 5.5% will accrue from May 14, <br />2012 through the payment date. The interest rate and administrative fee were set by the City <br />Council in Resolution 7135. <br /> <br />On or about June 15, 2012, we will forward the assessment roll to Ramsey County for <br />collection with the 2013 property taxes. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br />___________________________ <br />Mark Beer <br /> <br /> <br /> <br />