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House Research Department February 2004 Special Assessments Page 7 • Phase III: Approval of Final Assessment Roll, Certification • Approve and certify the assessment roll. The local government must approve the final assessment roll and then the assessment roll must be certified to the county-auditor. If any of the assessments contained in the final roll are different than the proposed assessments, the local government must mail a notice to the property owner stating the new amount.16 The local government may have to go back to phase II. • Issue debt to finance the improvement. The local government issues obligations to finance the improvement. The local government may issue local improvement bonds or assessment revenue notes to pay for the local improvement. Local improvement bonds are general obligation bonds,backed by the full faith and credit of the local government. If less than 20 percent of a project is to be paid for with special assessments, the local government must hold a referendum on the issuance of the bonds." • Collect the assessments. The local government may certify to the county auditor the entire assessment roll (for the entire project), or the local government may certify annually the amount of assessment on each parcel for that year. A taxpayer may prepay the entire assessment amount and avoid interest charges, in which case the prepaid amounts are taken off the assessment rolls." • Let contracts for work on the improvement. The local government must let the • contracts within one year,unless the resolution specifies another time frame.19 Home rule charter cities: special note. If a city is following procedures set in its charter, a few of the statutory provisions still apply. Specifically, if a city proceeds under its charter provisions, it must give property owners notice of the procedures they must follow under the charter in order to appeal the assessments to district court. The notice must also inform property owners of any deferment procedure established by the municipality.20 A city proceeding under its charter must let the contract for the work, or order the work done by day labor or otherwise as may be authorized by the charter, no later than one year after the adoption of the resolution ordering such improvement, unless a different time limit is specifically stated in the resolution ordering the improvement. 16 Minn. Stat. §429.061,subd. 2. 17 Minn. Stat. §429.091. '8 Minn. Stat. §429.061,subd. 3. • 19 Minn. Stat. §429.041,subd. 1. 20 Minn. Stat. §429.021,subd..3 (referring to Minn. Stat. §§ 435.193 to 435.195 described on page 9).