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tv rviffv 1880 911ain Street,Centerville,91X55038 <br /> `£staffished 1857 651-429-3232 or'Fax 651-429-8629 <br /> March 9, 2015 <br /> KENT& LORELI SANDAHL <br /> OR CURRENT OWNER <br /> 7163 WEST ROBIN LANE <br /> CENTERVILLE, MN 55038 <br /> Dear Property Owner: <br /> Attached to or printed on the reverse side of this letter is the official notice of hearing for <br /> special assessment for a street improvement affecting your property. The improvement <br /> will result in a new pavement surface on your street. <br /> The proposed assessment for benefit to your property is shown below, along with an <br /> estimate of the annual cost that would result if the special assessment is collected with <br /> taxes over several years. The City Council has not yet determined the term of the <br /> assessment,but is considering three to five years. <br /> The proposed assessment based upon the bids received for the improvement together with <br /> additional costs for engineering, legal and administrative expenses associated with the <br /> improvement. The assessment amount is the same as was used for the estimate at the <br /> improvement hearing. <br /> Proposed Special Assessment Per Property $525.00 <br /> Assessments may be prepaid at any time.No interest <br /> is due if paid within 30 days of adoption of the special <br /> assessment. <br /> Approximate annual payment based upon an <br /> interest rate of 5%and a payment term of the <br /> following: <br /> Three (3)years $194.42/year <br /> Four(4)years $149.31/year <br /> Five(5)years $122.29/year <br /> Please contact this office at(651)429-3232 if you should have any questions. <br /> Mike Ericson <br /> City Administrator <br />