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MouNDsVIEw City of Mounds View Staff Report To: From: Item Title/Subject: Item No: 5.C. Meeting Date: October 10, 2022 Type of Business: Council Consent Administrator Review: Honorable Mayor and City Council Mark Beer, Finance Director Resolution 9636 Adopting a Special Assessment Levy for a Private Sewer Improvement for 8270 Spring Lake Road The City offers residential property owners the opportunity to improve their sanitary sewer connection during street reconstruction projects. This will reduce the need to cut into the new asphalt on a future date. The owner of 8270 Spring Lake Road has elected to participate in this program and will have sanitary sewer service repairs performed. The 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. This will be a five year assessment. The property owner may pay the amount due by 5:00 P.M. on Monday, October 10, 2022 in order to avoid the $35.00 administrative fee. The owner may prepay the assessment between October 11, 2022 and November 10, 2022 without paying additional interest. After that, interest at the rate of 5.50% will accrue from October 10, 2022 through the payment date. This interest rate and administrative fee were set by the City Council in Resolution 7135. On or after November 14, 2022, we will forward the assessment roll to Ramsey County for collection with the 2023 property taxes. Respectfully submitted, Mar Deer Mark Beer, Finance Director