Agenda Packets - 1985/09/16 - Laserfiche WebLink

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26.21. IMPROVEMENTS AbANUONED. subdivision 1. Cancellation of Assessments. When a local improvement proposed to be made by the City is abandoned before it is completed to an extent sufficient to result in benefits equal to special assessments which have theretofore been levied for such improvement, the City shall notify the agency acting as collecting agent for such special assessment, of such fact. Upon such notification, all installments of such assessments and interest thereon which ae not direduy cuiircLeu ui in LLe pt-uceao of collection shall be cancelled by such agency. However, nothing herein shall prevent the City from mdkiny a reassessment of any amount not exceeding the special benefits which actually accrue from the improvement to part or all of the properties originally assessed, and nothing herein shall affect the obligations of the municipality to provide funds sufficient to pay any bonds issued to finance the improvement and the intetest thereon. Subdivision 2. Refund of Assessments. The Council shall instruct the City Clerk to publish and mail notice as provided for in 26.10, Subdivision 1, describing the improvement and stating that it has been abandoned and that any person who paid any special assessments levied on account of such improvement may file a ciaim, wiht►n six months following the date of publicct.ion of the notice, for refund of such assessments paid by him, I together with any interest he paid thereon. Failure to give mailed notice or any defects in the notice, shall not .nvalidate the proceedings. The City is not required to, but may, pay such claims filed after the period allowed, and it may require any claimant co furnish satisfactory evidence that he be paid the amounts claimed. Such claims may be paid out of monies in the fund of the improvement which was abandoned, unless obligations have been issued payable therefrom, cr may be paid out of monies in the general fund. SuAivision 3. Transfer of Assessments Not Cancelled or Re.unded. Any such assessme•its nat cancelled under Subdivision 1 above, or not refunded under Subdivision 2 above, shall be transferred to the general fund or the public improvement revolving fund established in Chapter 20.0?, if not necded to pay costs of the improvement and if not hold in a debt redemption fund. 26.22. TRANSFER OF FUNDS AFTER IMPROVEMENTS COMPLETED; REFUNDS. Any monies now or hereafter remaining in a fund heretofore or hereafter created by the City for making one or more local improvements, after such improvement or improvements have been completed and all claims dyainst and obligations of said fund have been satisfied, shall ne transferred to the general fund or the public improvement revolving fund established in Chapter 20.02; provided that the Council may, in its I discretion, authorize and direct the municipal treasurer to