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MOU-N-DitSVIEW <br />of Mounds View Staff R <br />Item No: 5.C. <br />Meeting Date: March 22, 2021 <br />Type of Business: Council Consent <br />Administrator Review: <br />To: Honorable Mayor and City Council <br />From: Mark Beer, Finance Director <br />Item Title/Subject: Resolution 9409 Adopting a Special Assessment Levy for a <br />Private Sewer Improvement for 8041 Long Lake Road <br />The City is stepping in to repair the sanitary sewer at 8041 Long Lake Road. Due to extenuating <br />circumstances and to prevent health and safety issues from impacting the community the City will <br />contract for the repair of the sanitary sewer. The property owner has signed an agreement to waive <br />their right to a public hearing and has agreed to pay the full cost of the private improvement plus <br />interest and the administrative fee. This is a rare circumstance, we have only done this a few times <br />in the last 15 years where extenuating circumstances existed. This will be a five year assessment. <br />The property owner may pay the amount due by 5:00 P.M. on Monday, March 22, 2021 in order to <br />avoid the $35.00 administrative fee. The owner may prepay the assessment between March 23, <br />2021 and April 22, 2021 without paying additional interest. After that, interest at the rate of 5.50% <br />will accrue from March 22, 2021 through the payment date. This interest rate and administrative <br />fee were set by the City Council in Resolution 7135. <br />On or after April 22, 2021, we will forward the assessment roll to Ramsey County for collection with <br />the 2022 property taxes. <br />Respectfully submitted, <br />Mark Beer, Finance Director <br />