Laserfiche WebLink
<br />Item No: 7.D. <br />Meeting Date: October 8, 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: Resolution 8005 Adopting a Special Assessment Levy for a <br />Private Improvement at 5086 Silver Lake Road <br /> <br /> <br />The City repaired a sewer line that was undermining a city owned retaining wall and sidewalk. The <br />resident was unable to effectuate the repair due to financial constraints. The property is located at <br />5086 Silver Lake Road. The property owner has signed an agreement to waive their right to a public <br />hearing and has agreed to pay the full cost of the private improvement plus interest and the <br />administrative fee. The initial estimate was over $12,000 with the final cost of $6,424 due to some <br />cost saving measures suggested by the Public Works Director. <br /> <br />The property owner may pay the amount due by 4:30 P.M. on Monday, October 22, 2012 in order to <br />avoid the $35.00 administrative fee. The owner may prepay the assessment between October 23, <br />2012 and November 22, 2012 without paying additional interest. After that, interest at the rate of <br />5.50% will accrue from October 22, 2012 through the payment date. This interest rate and <br />administrative fee were set by the City Council in Resolution 7135. <br /> <br />On or after November 30, 2012, we will forward the assessment roll to Ramsey County for collection <br />with the 2013 property taxes. <br /> <br />Respectfully submitted, <br /> <br /> <br />___________________________ <br />Mark Beer <br /> <br /> <br /> <br />