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ARDEN HILLS CITY COUNCIL - SEPTEMBER 10, 2007 4 CounciImember Holden requested the Finance Director bring forward a summary of project management expense versus financial analysis expense. Finance Director Iverson replied she would do that. 5. PULLED CONSENT ITEMS Item 4F: A. Motion to Approve an Amendment to Condition Eleven for Planninl!: Case 06-039, the Final Plat of Lake Johanna Woods, to Extend the Final Plat FiIinl!: Deadline to September 5, 2008. B. Motion to Approve an Amendment to Section 3(G) of the Development Al!:reement for Pianninl!: Case 06-039, the Final Plat of Lake Johanna Woods, to ReQuire a 6.5% Interest Rate on the Unpaid Park Dedication Fee Which is to be Applied Startinl!: from the March 12, 2006, Final Plat Approval Date. City Planner Lehnhoff provided background on the application. MOTION: Mayor Harpstead moved and Councilmember Grant seconded a motion to approve an Amendment to Condition Eleven of Planning Case 06-039, the Final Plat of Lake Johanna Woods, to Extend the Final Plat Filing Deadline to Sept 5 2008, and the Addition of Condition 14 which shall require a 6.5% interest rate per annum of the unpaid park dedication fee that was established on March 12, 2007, Final Plat Approval date The motion carried unanimously (4-0). (Councilmember Holden was not present for the vote.) 6. PUBLIC HEARINGS None. 7. NEW BUSINESS A. Motion to Approve or Denv the ReQuest from Little Brothers - Friends of the Elderlv to Forl!:ive Penalties, Interest and Fees on 3200 Hamline Avenue N. in Rel!:ard to the 2003 PMP Assessment. Finance Director Iverson reported the City did a PMP project in 2003 that resulted in an Assessment of $59,364.00 to Little Brothers - Friends of the Elderly (LBFE) for property they own at 3200 Hamline A venue North. She stated that in 2004, they received a tax statement from Ramsey County showing the assessment which was to run for 10 years at an interest rate of 5.5%. She reported that on May 15, 2004, they paid the first half of the tax statement in the amount of $5,936.40 and on July 9, 2004, paid the remaining balance of $53,427.60. Ms. Iverson stated that due to a misinterpretation between the organization and the County, the second half payment of $5,936.40 was never paid, leaving a balance that continued to accrue interest and penalties.