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Item No: 7.C. Meeting Date: October 10, 2011 Type of Business: Council Business Administrator Review: _____ City of Mounds View Staff Report To: Honorable Mayor and City Council From: Mark Beer, Finance Director Item Title/Subject: Public Hearing to receive Public Input and pass upon Resolution 7834 Adopting a Special Assessment Levy for Unpaid Water Service Repairs A public hearing is scheduled for 7:15 P.M. to receive public input regarding the proposed assessment of an unpaid water service repair. Individual notices of the meeting were sent by first class mail to the affected property owners on September 21, 2011. Attached is the full roll of assessment notices that were sent out. The notice included the invoices the City received from the contractors that repaired the leaking water service line. The leak was the result of a defect in the copper pipe. The amount is due by 4:30 P.M. on Monday, October 10, 2011 in order to avoid the $35.00 administrative fee. The amount due may be paid after the roll is certified Monday night, but before the roll is forwarded to Ramsey County. In that case, they will pay the total due, including the administrative fee. Owners may prepay the assessment between October 11, 2011 and November 10, 2011 without paying additional interest. After that, interest at the rate of 5.5% will accrue from October 10, 2011 through the payment date. The interest rate and administrative fee were set by the City Council in Resolution 7135. On or about November 28, 2011, we will forward the assessment roll to Ramsey County for collection with the 2012 property taxes. Respectfully submitted, ___________________________ Mark Beer