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Financial Impact <br /> The Council has been assured on multiple occasions that the acquisition of the property would be at no <br /> cost to the city. <br /> Assessments are levied to the benefitting property owners. Waiving or decreasing the special <br /> assessments,including the interest amount would effectively transfer the cost of the improvements to <br /> water and sewer ratepayers once the trunk funds are depleted. <br /> Utilizing the other city funds to pay off the assessments would shift the cost of improvements to <br /> taxpayers. <br /> Attachments <br /> • Deferred Special Assessment Worksheet <br /> • Letter of Intent from the City to The Conservation Fund <br /> • State of Minnesota Green Acres Factsheet <br /> N:\Pub1icBodies\Agendo Packets\11-04-2013\Final\x10.1 sr Houlton Special Assessments.docx <br />