2009 Public Hearing Street Project Notice

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Notice of Hearing on Proposed Assessment Centerviille, Minnesota December 17, 2008. TO WHOM IT MAY CONCERN: Notice is hereby given that the Council will meet at 6:30 p.m. on January 7, 2009 at St. Genevieve Parish Community Center, 6995 Centerville Road, to consider, and possibly adopt, the proposed assessment for the 2009 Street Improvement Project which consists of the improvements listed on the attached Exhibit A. Adoption by the Council of the proposed assessment may occur at 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 fifteen years for improvement type B, and ten years for all other improvement types. The first of the installments to be payable on or before the first Monday in January 2010, and will bear interest at the rate of 5.5 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, 2010. 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 5.5 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 $915,420. 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 adjourned meeting upon such further notice to the affected property owners as it deems advisable. An owner may appeal an assessment to district court pursuant to Minn. Stat. §429.081 by serving notice of the appeal upon the Mayor or Clerk of the City within 30 days after the adoption of the assessment and filing such notice with the district court within ten days