Agenda - Council Work Session - 08/27/2013

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25:6 Minn. Stat. § 444.19. Minn. Stat. § 444.18, subd. 3. Minn. Stat. § 444.18, subd. 3. Minn. Stat. § 444.18, subd. 3. Minn. Stat. § 444.18, subd. 3. CHAPTER 25 After establishing the district, the council may acquire, construct, reconstruct, extend, maintain, and otherwise improve, storm sewer systems and related facilities within the district. The city may also acquire, maintain, and improve stormwater holding areas and ponds within and outside city limits for the benefit of the district. Tax levies on property in the district pay for the improvements, including principal and interest on bonds. A council may, by resolution, decide to issue GO bonds to assure payment of the principal and interest in the event the proceeds of the tax levy in the district are insufficient to pay the principal and interest. The sale of such bonds must comply with Chapter 475, except that such bond sale requires no election. The amount of the obligations, or bonds, is not included in determining the net indebtedness of the city. After all obligations issued to finance improvements within the district are retired, the council may choose to dissolve the district, but is not required to do so. Once the council establishes an SSID, it must follow statutory procedures before awarding a contract for an improvement in such a district. The council must hold a public hearing on the proposed improvement after giving published notice twice in the city's official newspaper. The notice must include: • The time, date, and place of the hearing. • The general nature of the improvement. • The estimated cost of the improvement. • Which areas in the city the levy will cover. • The amount of time to recover the costs of the improvements. Before awarding a contract for an improvement, a city must publish notice of a public hearing two times, at least a week apart. The hearing must occur at least three days after the last publication. The owners of property within the district must also receive mailed notice of the public hearing at least 10 days before the hearing occurs. Such mailed notice must include the estimated tax levy each parcel pays in the first year. Before the hearing, the council must secure a report from the city's engineer, advising the council as to: • The feasibility of the proposed improvement. • Whether it should be made as proposed or in connection with some other improvement. • The estimated cost of the improvement. The council must pass a resolution adopting the improvement. The resolution may be adopted at any time within six months after the hearing. This chapter last revised 12/1/2012 LEAGUE OF MINNESOTA CITIES