Memo Ordiance Amending City Code Special Assessments
CITY OF HOPKINS
MEMORANDUM
DATE: May 24, 1993
TO: Honorable Mayor and city council
FROM: James Gessele, Engineering Superintendent ..JTl1
SUBJECT: ORDINANCE AMENDING CITY CODE
PARTIAL PREPAYMENT OF SPECIAL ASSESSMENTS
---------------------------------
Attached you will find Ordinance 93-724 for second reading.
Adoption of this ordinance amends section 703.03 of the City Code
and clarifies provisions for the minimum amount and term over
which partial pre-payment of special assessments can be made. No
revisions have been made on the original as submitted to Council
at its May 17 meeting.
The action required is to adopt Ordinance 93-724 for second
reading and ordered published.
Attachment
E/JG05243E
,
HENNEPIN COUNTY, MINNESOTA
ORDINANCE NO.
93-724
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 CITY 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-t>avment. At any time
t>rior to certification of the
assessment by the city to the county Auditor. an owner may pre-pay not
less than 25% of the assessment 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
adot>ted by the city Council or
as provided in Minnesota Statute
Section 429.061. Subd. 3.
SECTION 2. This Ordinance is effective on June 29, 1993.
First Reading:
May 17, 1993
Second Reading:
June 1, 1993
Date of Publication:
June 9, 1993
Effective Date of Ordinance: June 29, 1993
Nelson w.
Berg, Mayor
Attest:
James A. Genellie, City Clerk