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<br />Item No: 7.D <br />Meeting Date: October 11, 2010 <br />Type of Business: Council Business <br />Administrator Review: _____ <br />City of Mounds View Staff Report <br /> <br /> <br /> <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 7681 Adopting a Special Assessment Levy for <br />Service Availability Charges (SAC) <br /> <br /> <br />A public hearing is scheduled for 7:20 P.M. to receive public input regarding the proposed assessment <br />of SAC, which is a pass thru charge from Metropolitan Environmental Services. Individual notices of <br />the meeting were sent by first class mail to the affected property owners on September 27, 2010. <br />Attached is the full roll of assessment notices that was sent out. <br /> <br />The property owner may pay the amount due by 4:30 P.M. on Monday, October 11, 2010 in order to <br />avoid the $35.00 administrative fee. The owner may pay after the roll is certified Monday night, but <br />before the roll is forwarded to Ramsey County. In that case, they will pay the total due, including the <br />administrative fee. <br /> <br />The owner may prepay the assessment between October 12, 2010 and November 11, 2010 without <br />paying additional interest. After that, interest at the rate of 5.5% will accrue from October 11, 2010 <br />through the payment date and on subsequent installments. This interest rate and administrative fee <br />were set by the City Council in Resolution 7135. <br /> <br />On or about November 26, 2010, we will forward the assessment roll to Ramsey County for collection <br />with the 2011 property taxes. <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br />___________________________ <br />Mark Beer <br /> <br /> <br /> <br />