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Item No: 7.D. 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: Resolution 7835 Adopting a Special Assessment Levy for Private Improvements in Area D of the Street and Utility Improvement Program The City received a last minute request for widening of a driveway and we were able to accommodate the request. The City offered property owners the opportunity to have private improvements completed as part of the area D street project. It is in the City’s best interest to have as many of these improvements done during the project to reduce the number of street openings that may have to happen in the future. Each property owner has signed an agreement to waive their right to a public hearing and has agreed to pay the full cost of the private improvement plus interest and the administrative fee. The property owner may pay the amount due by 4:30 P.M. on Monday, October 10, 2011 in order to avoid the $35.00 administrative fee. The owner may prepay the assessment between October 11, 2011 and November 9, 2011 without paying additional interest. After that, interest at the rate of 5.50% will accrue from October 10, 2011 through the payment date. This interest rate and administrative fee were set by the City Council in Resolution 7135. On or after November 28, 2011, we will forward the assessment roll to Ramsey County for collection with the 2012 property taxes. The City Council had previously adopted resolution 7803 which certified private improvement assessments for Area D. One of those private improvements was not completed at the request of the property owner at 5385 Raymond Avenue. The City Council will need to authorize the cancellation of this previously adopted assessment this authorization is included in the attached resolution. Respectfully submitted, ___________________________ Mark Beer