4. SR 10-10-1994 - Laserfiche WebLink

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. The option to defer the payment of special assessments shall terminate and all amounts accumulated, plus applicable interest, shall become due at the occurrence of any of the following events: a) the death of the owner, provided that the spouse is otherwise not eligible for the benefits hereunder; b) at the sale, transfer, or subdivision of the property or any part thereof; c) if the property should, for any reason, lose its homestead status; or d) if, for any reason, the taxing authority deferring the payments shall determine that there would be no hardship to require immediate or partial payment, APPEALING A SPECIAL ASSESSMENT....No appeal may be taken as to the amount of an assessment unless a signed, written objection is filed with the Clerk or Mayor prior to the hearing or presented to the presiding officer at the hearing. An owner may appeal an assessment to district court pursuant to Minnesota Statutes, Section 429.081, by serving notil:e of the appeal upon the Mayor or Clerk of the city within 30 days after the adoption of the assessment roll and filing such notice with the district court within ten days after service upon the Mayor or Clerk, unless the property owner has failed without reasonable cause to object prior to, or at, the hearing. . ASSESSMENT PAYMENT PROCEDURES....An assessment may be prepaid by paying to the City Finance Director the entire balance plus interest, The time of payment affects the amount of interest charged, Partial prepayment of assessments may be made in acordance with the City's Ordinance. Within 30 days of Adoption..,Ifthe assessment is prepaid within 30 days after the City Council adopts the assessment resolution, no interest will be charged. Before Certification,..If the assessment is prepaid more than 30 days after the adoption of the assessment resolution, but before it is first certified to the County Auditor, interest may be charged to the date of payment, (The City Finance Director is required to certify the assessment on or before November 30.) After Certification....Once the assessment has been certified to the County Auditor, prepayment of the remaining balance may be made, however, interest must be charged through the end of the year, If you choose not to prepay your assessment, it will be added to your annual property tax statement as indicated on the assessment schedule, The assessment shall bear interest at the rate of 7,5% per annum, . Sincerely, ~tl~r:L 7%zdLhLd~ Sandra Thackeray d City Clerk