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CITY OF RAMSEY <br />ANOKA COUNTY <br />STATE OF MINNESOTA <br /> <br />NOTICE OF SPECIAL ASSESSMENT <br /> <br />R17 32 25 13 0012 <br />Boyd R. & Shirley A. Hanson <br />8241 161st Avenue NW <br /> <br />On October 12, 1993, the City Council of the City of Ramsey passed on the assessment for <br />Improvement Project g93-03. <br /> <br />The special assessment of such improvement to your property is $212.74. This <br />cost will be assessed over 3 years years at 8.0% percent interest per year. Listed <br />below is a breakdown of the yearly principal and interest costs. <br /> <br />Tax Year Principal Interest Payment Payoff <br /> <br />1994 $70.91 $20.75 $91.66 $I41.83 <br />1995 $70.92 $11.36 $82.28 $70.91 <br />1996 $70.91 $5.67 $76.58 $00.00 <br /> <br />Affected property owners may at any time, prior to certification of the assessment to the Anoka <br />County Auditor on November 15, 1993, pay the entire assessment on such property, with interest <br />accrued to the date of payment, to the City of Ramsey. No interest shall be charged if the entire <br />assessment is paid within 30 days from October 12, 1993. <br /> <br />Thereafter, affected property owners may at any time pay to the City of Ramsey the entire amount <br />of the assessment remaining unpaid, with interest accrued to December 31 of the next succeeding <br />year. To prevent the assessment from appearing on the following years property taxes, the <br />payment must be received by November 13th. The right to partially prepay the assessment is not <br />available. <br /> <br />If you are prepaying this special assessment, please bring this letter along to speed service. <br /> <br />DATE: <br /> <br />October 13, 1993 <br /> <br />Ryan Schroeder <br />City Administrator <br /> <br /> <br />