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<br /> <br />1880 !Main Street, Centervilfe, !M7\f 55038 <br />651-429-3232 or q:'~ 651-429-8629 <br /> <br />William Bowen <br />40 Park Lane <br />Minneapolis, MN 55415 <br /> <br />PDO: 143122310015 <br /> <br />Proposed <br />Assessment -$16,584 <br />(Per Agreement) <br /> <br />Approximate <br />Annual <br />Payment - $1,410 <br /> <br />Attached hereto is the official published notice of hearing for the assessment <br />of Old Mill Road Improvements. <br /> <br />The proposed assessment and the approximate annual payment that would result <br />are indicated above. <br /> <br />Homestead property owners, 65 years of age or older or military personnel called to <br />active duty, that would like to apply for deferment of their special assessments <br />should contact this office within thirty days of adoption of the special assessment. <br /> <br />Prepayment of all or part of special assessments without interest is permitted for <br />30 days after adoption of the special assessment by the City Council. Prepayment <br />is allowed prior to certification to the County Auditor with interest from the date of <br />adoption of the assessment to the date of payment. After the assessment has been <br />certified to the County Auditor, prepayment of the entire outstanding balance can be <br />made prior to November 15 of each year, however interest is collected to December <br />31 of the year paid. If not prepaid prior to November 15, interest shall be collected <br />to December 31 of the succeeding year. Prepayment should be made to the City <br />Clerk at the address on this letter. If not prepaid or deferred--the assessment will be <br />collected in annual installments with property taxes, over IS years at 5.S % interest <br />beginning in 2009. <br /> <br />Teresa Bender, City Clerk <br />Dated this 18th day of June, 2008 <br />