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Memo Special Assessment Interest Charges I 'w � y ; .� p� ;.;•:.;.��..r.,..•,.k � � � . ::''!i}:>A ....rsi.;C;;t>'1;ti1'' , :,':.;'G+ ,�''.,:. G� �S` . . � ;.:t•::::;;: ,,;�•'.•'.'•`,4'.,r;; �.; L. :ni f . � . . rk� <t? 't ;+•:+f ::., x ; :.: :.:�:��`S }�}^��'::t i ,,. : {}::`•�;'��.+f;; � . � ��•:: •.; .:•. ::>,., . . . . ;r�.,,,,A,�:;ti�� + { ::, C V �!YM1'`Y;;;s�,;:;���:<;::%r 2 `�';,:;; � . � � .:::::....::•::+:�:�+'t�:.••,� . +.,,;,:;•::� . . To: Tom Harmening From: Robin Robertson Date: Thursday, December 15, 1994 Subject: Special Assessment Interest Charges I have researched my files for properties that have been assessed for public improvements years after the initial construction. The following properties have been assessed for public improvements when connection permits have been issued, plus interest from the date of the original construction: 4�J2 Webster - Connected to City Water and Sewer in 1992; Assessed for Water and Sewer based on original assessment in 1974 plus 18 yrs of interest calculated at 7%; Property owner petitioned to have the charges placed on � Assessment Rolls to be collected over a 15 year period of time at 8% interest; Certified to Hennepin County on 11/20/92 4 1/2 E. St. Albans Rd - Connected to City Water and Sewer in 1987; Assessed for Water and Sewer based on original assessment in 1974 plus 13 yrs of interest calculated at 7%; Certified to Hennepin County in 1987 to be collected over a 20 year period of time at 7% interest 16 Loring Rd - Connected to City Water and Sewer in 1978; Property owner paid the original assessment plus 5 yrs of interest calculated at 7% We have had some properties with new construction in the City of Hopkins that were not subject to this ordinance because the original assessment was paid at the time of construction or installation of the public improvements. Some examples are 238 18th Avenue N, 110 Harrison Ave S and 120 Harrison Ave S. Attached is a copy of Hopkins City Code Section 705 for your information. In researching my files, it appears that it has been the policy to calculate the interest at 7% from the date of origina! construction of the public improvements since at least August of 1973. Also attached is a copy of Ordinance No. 73-391 which references the collection of 7% interest. � If you have questions, please let me know. r r � � Hopkins City Code (Rev. 8/92) 705.01 Section 705 - Sanitarv sewer svstem 705.01. Ta�: licanse required. No person may tap or ma.ke any perforation or opening o� any kind in a sanitary sewer pipe, or make connaction to a sanitary sewer main or building sewer in the city, without first having obtained the licenses and permits and paid the fees required by this code. 705.03. Sewer connection. Subdivision 1. Permit. No public sewer shall be tapped or connection made thereto. from any lot, piece or parcel of land without first securing a written permit to do so from the building official upon proper written application therefore and paying the required fees. (Amended Ord. �92-710) � Subd. 2. Av�lication for vermit. Applications shall be made upon forms to be provided therefor by the city and require the following information: (a) exact legal description of premises for which sewer connection is appl.ied, including plat and parcel number; . (b) address of premises; (c) name and address of plumber or other .contractor; � '� (d) name and address of owner of premises; (e� da.te of opening installation of connection; (f) general description of type and method of connection to be used or made; and (g) such other pertinent information as the- b�.i.lding official may require. Subd. 3. Char�es. The following charges shall accompany the application: (a) the charges set by Council resolution; (b} if, for the parcel described in such application, the city has not been reimbursed or otherwise secured for said parcal's proportionate beneficial share of the special benefit and total cos� of the . construction and installation of the public sewers within the project district or area in or from which the parcel is to be served, the applicant shail pay an additional sum equal to that proportionate share of such special benefit and cost which � said parcel to such entire area or district and which was specially assessed or charged for said public improvement, plus interest on said sum at tize rate of seven percent per annum from the date or da.tes of the original construction or installation of such public improvements to the date of the issuance of the connection permits. (Amended Ord. �92-710)