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City of <br /> <br />iver <br /> <br />MEMORANDUM <br /> <br />FROM: <br /> <br />DATE: <br /> <br />SUBJECT: <br /> <br />Mayor & City Council <br /> <br />Terry Maurer, City Engineer <br /> <br />October 28, 1996 <br /> <br />Hillside Crossing II <br /> <br />**ITEM 3.4.** <br /> <br />Earlier this year the city issued bonds for the public improvements at the <br />Hillside Crossing II development. The developer has waived his right to <br />object to the special assessments and his right to a public hearing. <br /> <br />Attached is a resolution to adopt the assessment roll for this project. The <br />total amount to be assessed is $663,143.00. The assessments will carry an <br />interest rate of 6.55 percent and have a term of five years. <br /> <br />Action Requested <br /> <br />The Council is asked to approve the attached resolution. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />