Memo Partial Prepayment Special Assessments
CI'ry
o F
HOP KIN S
M E M 0 RAN 0 U M
DATE:
June 13, 1990
TO:
Honorable Mayor & City Council
FROM:
James Gessele, Engineering Supervisor
SUBJECT:
Partial prepayment and deferred payments of
special assessments
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Attached you will find Ordinanc~ 90-683 for second reading.
Adoption of this ordinance sets up procedures tor pa~ti&l
prepayment and deferment of payments of special assessments. No
revisions have been made on the original submitted to the Council
The action required is to adopt Ordinance 90-683 for second
reading and order published.
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JIlIIlIoIEl___ _..IIliR _
CI'l'Y OF HOPKINS
Hennepin County~ Minnesota
ORDINANCE NO: 90-633
ORDINANCE ESTABLISHING PROCEDURES FOR
THE COLLECTION AND DEFEffi1ENT OF
SPECIAL ASSESSMENTS
Be it ordained by the City Council of the City of Hopkins as
follows:
That Section 703 pertaining to collection and deferment of
special assessments is hereby added to the Hopkins City
Code.
7003.01 Inasmuch as the city feels it necessar.y and
proper to provide for prepayment of special assessments in
whole or in part and to implement a procedure to allow
deferment of special assessments in appropriate instances
all as made and provided for in M.S. Section <129.061 and
M. s. Secti.on 435.193 through 435.195, the following
provisions are hereby authorized.
703.03 ;Frepav:ment. In addition to the prepayment of
the whole of the assessment and intereB't on propert~t as
provided by said statute, the oT",mer so assessed for local
improvements may prepay not less than twentY--f i ve percen.t
(25%) of the assessments withi.n 30 days fallowing adopti.on
of the assessment roll. The balance remaining \V'ill he paid
in accordance with the schedule adoptf,,"ld by the City Council.
703.05. Qefer~pt of Pavment~. The City Council may
in its discretion defer payment of special assessments for a
period of not more than 10 years for any homestead property
ow:ned ,by a person 65 years of age or cIder or retired by
virtue of a perm.anent and tot,al disability in either
instance of which the city Council determines it would be a
hardship for said owners to make the pa)nrrents. Such
deferment shall be based on the following standards;
1. The annual income of owners requesting a deferment
is found not to exceed the sum of $21/000.00 as of
January 1, 1990. This amount shall subsequently be
adjusted annually by the Consumer Price Index for
the Twin city area;
2. Property owners retired as a ~e0ult of a permanent
and total disability established by evidence
satisfactory to City Council who have not attained
age 65;
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Deferred assessments shall accrue simple interest during the
deferment period at the rate established for paYl:\ent of
assessments at the time the assessment roll was adopted.
The certification of deferment shall be renewed annually by
the owner during the term of the deferment but net later
than September 30 of each year. Upon failure to renew the
deferment certification or upon expiration of the 10 year
deferment period, the City Clerk shall prompt.ly certify to
the county Au.ditor the amount of the deferred assessment.
including interest to be inserte.d on the tax rolls and
collected in the period of time remaining in the original
assessment.
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First Reading: June 5, 1990
Second Reading: June 19, 1990
Date of Publication: July 4, 1990
Date Ordinance Takes Effect: July 24; 1990
~ ATTEST:
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Nelson W. Berg, Mayor
James A. Genellie1 city Clerk