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ITEM 4 <br /> MEMO TO: MAYOR AND CITY COU <br /> • FROM: CLERK-ADMINISTRATOR Plow <br /> DATE: JANUARY 8, 1990 <br /> -'�J <br /> SUBJECT: REQUEST FOR WAIVER OF INTEREST ON PREPAID <br /> ASSESSMENTS FOR THE MOUNDS VIEW LIBRARY <br /> Attached please find a letter from Assistant Ramsey County <br /> Attorney Gary Davis indicating that at the time the County <br /> purchased the property for the Mounds View Branch Library <br /> from Kraus-Anderson the County was rquired to prepay the <br /> 1990 assessments and interest on the prepayment. Mr . Davis <br /> is requesting that the City waive the interest on the pre- <br /> payment due to the fact that the only reason the interest <br /> was required to be paid was the fact that the purchase <br /> occurred after October 15 of 1989. Should you agree with <br /> this request , a resolution will need to be prepared <br /> authorizing the waiving of the collection of the interest <br /> payment for presentation to the Ramsey County Department of <br /> Property Taxation. Your direction in this matter would be <br /> appreciated. <br /> DFP/MJS <br />