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429.06J LOCAL lMPRQYE.\-tENTS. SPEL'l.\.t A..,"H::SSMEl'IolS . unit shall file with the county recorder in the county in which the propeny is located acenifi. cate containing the legal description of [he affected property. and of the amount deferred. In any event, every assessment the payment of which is so deferred. when it becomes payable, shall be divided into a number of installment) such that the last installment thereof will be payable not more than 30 years alter the le\~ of the assessment. All assessments shall bear interest at such rate as the resolution determines. To [he fir)[ installment of each assessment shall be added interest on the entire assessment from a date specified in the resolution levying the assessment. not earlier than the date of the: resolution. until December 31 of the year in which the first installment is payable. and to each subsequent installment shall be added in- terest for one year on all unpaid installments: or alternatively, any assessment may be made payable in equal annual installments including principal and interest. each in the amount annually required to pay the principal over such period with interest at such rate as the resolu- tion determines, not exceeding the maximum period and rate specified above, In the latter event no prepayment shall be accepted under subdi\'ision 3 without payment of all install- ments due to and including December 31 orthe year of prepayment, together with the origi. nal principal amount reduced only by the amounts of principal included in such installments, L:omputed on an annual amortization basis. \\"hen payment of an assessment is deferred, as authorized in this subdivision. interest [hereon for the period of deferment may be made pay- able annually at the same times as the principal installments of the assessment would have been payable if not deferred; or interest for this period may be added to the principal amount of the assessment when it becomes payable: or. if so provided in the resolution levying the assessment, interest thereon to December 31 of the year before the first installment is payable may be forgiven. Subd. 3. Transmitted to auditor, prepa)'ment, After the adoption of the assessment, the clerk shall transmit a certified duplicate of the assessment roll with each installment, in- cluding interest. set forth separately to the county auditor of the county to be extended on the proper tax lists ofthe county; but in lieu of such certification. the council may in its discretion direct the clerk to file all assessment rolls in the clerk's office and to certify annually to the county auditor. on or before November 30 in each vear, the total amount of installments of and interest on assessments on each parcel of land in the municipality which are to become due in the following year. Ifany installment and imerest has not been so certified prior to the year when it is due, the clerk shall forthwith cenify the same to the county auditor forcollec- tion in the then succeeding year; and if the municipality has issued improvement warrants to linance the improvement. it shall payout of i{S general funds into the fund of the improve- ment interest on the then unpaid balanl:e of the assessment for the year or years during which the collection of such installment is postponed. All assessments and interest thereon shall be collected and paid over in the same manner as other municipal taxes. The owner of any prop- erty so assessed may, at any time prior to cenification of the assessment or the first install- ment thereof to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the municipal treasurer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption thereof; and, except as hereinafter provided. the owner may at any time prior to November t5 of any year. prepay to the treasurer of the municipality having levied said assessments, the who!e assessment remaining due with interest accrued to December 31 of the year in which smd prepayment is made. If the assessment roll is retained by the municipal clerk. the installment and interest in process of collection on the current tax list shall be paid to the county treasurer and the remaining principal balance of the assessment. if paid. shall be paid to the municipoo treasurer. The council may by ordinance authorize the partial prepayment of assessments, In such manner as the ordinance may provide. prior to certification of the assessment or the first installment thereof to the county auditor. Subd. 4. Collection, tax exempt property. On the conlirmation of any assessments the clerk. shall mail to the county auditor a notice specifying the amount payable by any county, to the clerk or recorder of any other political subdivision a notice specifying the amount pay- able by the political subdivision and to the ownerof any right-<)f-way, at its principai office in the state. a notice specifying the amount payable on account of any right-of-way. The amount payable on account of any right--{)f-way or public property shall be payable to the municipality's treasurer and shall be payable in like installments and with like interest and ,. j, -",. , ~ ;:~. , . 636 penalties as provided for in real property. except that int' this subdivision has been pr< body of any such political s' shool take appropriate action the municipal treasurer shall the property is publicly owr installment is due and shou levied the special assessmen right-<)f-way of any railroa, property in the manner pro\' suit brought to enforce the , lecting such amounts is pro, and the municipality. Subd. 5. Special asses, or special law to the contrar expenses incurred by the co improvement certified by L History: 1953 c 398.' s 1; 1961 c 525 s 5-7; 196 1; 1974 c 314 s 2; 1976 c, 1980 c 607 art 11 s 1.2; 1~ 315 s 2; 1986 c 444; 1986 342 s 8; 1993 c 375 art 5 s 429.07 [Repealed. 1953 c 429.071 SUPPLEMENT Subdivision I. Suppl sessments to correct omiss. of the improvement or any personal or mailed notice ment and a hearing as pro' Subd. 2. Reassessme court of competent jurisdic that the assessment or any attorney that the assessme; for any reason, the counci I inent, make a reassessmer ;, Subd. 3. Reapportio sPecial assessment has be' the council may. on appli, equitably apportion amon assessment against the tra( portionment will not mate; ment against the tract. The payment of improvement apportionment, to furnish any loss resulting from fa, Notice of such apportion served upon all owners of the notice of such apportic Subd. 4. Reassessm< turned to private ownersh. assessments were canceh provement may. upon not