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CITY OF LAUDERDALE ASSESSMENT POLICY MANUAL Transmittal of Assessments to the County Auditor. After the adoption of the assessment, the City Clerk must transmit a certified duplicate copy of the assessment roll to the county auditor. [See "Certificate to the County Auditor" attached in the Appendix as Forms 28 and 28AJ In the alternative, the City Council may direct the City Clerk to file the assessment roll in the Clerk's office and to certify annually to the county auditor, on or before October 10th in each year, the total installments of principal and interest thereon to become due in the following year. Wiih the certification of the assessments to the county auditor, the procedures under Minnesota State Statutes, Chapter 429 are complete. SECTION 10: SPECIAL ASSESSMENTS FOR CURRENT SERVICES The City Council may provide for the collection of certain service charges as a special assessment against the property benefiting from the service. Special charges that may be assessed include, but are not limited to, those as defined by State Statutes. SECTION 11 : CONDITIONS OF PAYMENT OF ASSESSMENTS Minnesota State Statutes, Chapter 429, provide the City with considerable discretion in establishing the terms and conditions of payment of special assessment by property owners, Chapter 429 does establish two precise requirements regarding payment. First, the property owner has thirty (30) days from the date of adoption of the assessment roll to pay the assessment in full without interest charge (429.061, subd. 3). Second, all assessments shall be payable in equal annual installments extending over a period not exceeding thirty (30) years from the date of adoption of the assessment roll (429.061, subd. 2). The conditions of payment established in this section follow the requirements of Chapter 429 and seek to balance the burden of payment of the property owner with the financing requirements imposed by debt issuance. 20