2015-03-25 PH Notice Proposed Assessment 2015 Mill & Overlay Project

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CITY OF CENTERVILLE Notice of Hearing on Proposed Assessment Notice is hereby given that the Council will meet at 6:30 p.m. on March 25, 2015 at City Hall, 1880 Main Street, Centerville, MN to consider the proposed assessment for the mill and overlay improvement of: 1.Dupre Road from Portage Way north to Main Street 2.All of Eagle Trail 3.Brian Drive from a point approximately 100 feet south of Clearwater Creek, southerly to its terminus in the cul-de-sac 4.All of Portage Way 5.All of North Robin Lane 6.All of West Robin Lane 7.All of South Robin Lane 8.All of Cardinal Drive Adoption by the Council of the proposed assessment may occur following the hearing. The area proposed to be assessed is the abutting property. Such assessment is proposed to be payable in equal annual installments extending over a period of up to five years. The first of the installments to be payable on or before the first Monday in January 2016, and will bear interest at the rate of 5.0 percent per annum from the date of the adoption of the assessment resolution. To the first installment shall be added interest on the entire assessment from the date of the assessment resolution until December 31, 2016. Subsequently, special assessments shall be made in equal annual installments including principal and interest in an amount sufficient to amortize the principal over the stated term at the interest rate set by the Council. You may at any time prior to certification of the assessment to the County Auditor, pay the entire assessment on such property, with interest accrued to the date of payment, to the City Clerk. No interest shall be charged if the entire assessment is paid within 30 days from the adoption of this assessment. You may at any time thereafter, pay to the City Clerk the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the succeeding year. If you decide not to prepay the assessment before the date given above the rate of interest that will apply is 5.0 percent per year. Partial prepayments may be made within 30 days of adoption of the special assessment. The proposed assessment roll is on file for public inspection at the City Clerk’s office. The total amount of the proposed assessment is $80,850. Written or oral objections will be considered at the meeting. No appeal to district court may be taken as to the amount of an assessment unless a written objection signed by the affected property owner is filed with the municipal Clerk prior to the assessment hearing or presented to the presiding officer at the hearing. The Council may upon such notice consider any objection to the amount of a proposed individual assessment at an