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CR2014-068 Ordinance to Amend City Code Relating to Procedures For the Collection and Deferment of Special AssessmentsJuly 10, 2014 _ca Council Report No. 2014-068 ORDINANCE TO AMEND CITY CODE RELATING TO PROCEDURES FORTHE COLLECTION AND DEFERMENT OF SPECIAL ASSESSMENTS Proposed Action. Staff recommends that the Council approve the following motion: Move for adoption of first reading of Ordinance 2014-1073 amending Section 703.03 of the Cit Code. overview. Council on June 29, 1993 adopted an amendment to City Code Section 703.03 that clarified the provision of partial pre -payments prior to certification to Hennepin Co-unty. The current City Code allows an owner to pre -pay not less than 25% of the assessment. Amending Section 703.03 will allow owners to pre -pay $100.00 or 25% of their assessment, whichever is less. Primary Issues to Consider. How does the amendment impact owners With larger assessments, it is difficult for some owners to pay the minimum of 25% as current City Code requires. Changing the wording will allow owners to make affordable payments to the City, thus helping to reduce the assessment balance certified to Hennepin County. For example, the partial pre -payment for a $6,000 assessment under the current ordinance is $1,500.00. Under the proposed ordinance, the partial payment in this example could be as low as $100.00. Supporting Information. a Ordinance No. 2014-1073 Robin Robertson Special Assessment Clerk HENNEPIN COUNTY, MINNESOTA ORDINANCE NO. 2014-1073 AN ORDINANCE AMENDING SECTION 703,03 OF THE HOPKINS CITY CODE RELATING TO PROCEDURES FOR THE COLLECTION AND DEFERMENT OF SPECIAL ASSESSMENTS THE CITY COUNCIL OF THE CIT`.' OF HOPKINS DOES ORDAIN: SECTION 1. The Hopkins City Code Section 703.03 is hereby amended by substituting a new paragraph to read as follows: 703.03 Pre -payment. At any time prior to certification of the assessment by the City to the County Auditor, an owner may pre -pay not less than SI00.00 or 25% of the assessment, whichever is less, with. interest accrued to the payment date, except that no interest shall be charged if such partial payment is made within 30 days from the adoption of the assessment. The balance remaining shall be paid in accordance with the schedule adopted by the City Council or as provided in Minnesota. Statute Section 429.061, SUM. 3. (Amended Card. No. 93-724) SECTION 2. This Ordinance is effective on August 1.4, 2014. First Reading: Second Reading: Date of Publication: Effective Date of Ordinance: Attest: Amy Domeier, City Clerk July 15, 2014 August 4, 2014 August 1.4, 2014. August 14, 2014 Eugene J. Maxwell, Mayor