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CC Regular Session <br />Meeting Date: 09/08/2015 <br />By: Diana Lund, Finance <br />4. 5. <br />Information <br />Title <br />Adopt Resolution #15-09-217 Declaring Costs to be Assessed and Calling for a Public Hearing on Proposed <br />Assessment for Past -Due Charges on Municipal Utility Bills (which may include water, sewer, street lighting, <br />recycling, storm water charges and penalties incurred) and Current Services Rendered. <br />Purpose/Background: <br />.Annually, the city certifies to the following year's property tax, any accounts receivable (either utility or invoiced) <br />that are more than sixty days delinquent as of September 1 and not paid by November of that same year. <br />The number of accounts that will be receiving a delinquent notice this year is increasing in comparison to 2014 <br />(1,191 accounts vs 1,138 accounts in 2014). The increase in notices could be attributed to the large number of <br />homes that have been selling/renting in the city. Any time a new owner/renter comes into play a new account is set <br />up. <br />The total delinquent amount to be assessed has decreased slightly as noted per the attachment entitled 3 -Year <br />Certification Comparison. The decrease is attributed to the change in the administrative fee charged. The <br />administrative fee was previously $76.00 per account, but was adjusted down to $30.00 per account to be more in <br />line with what other cities charge. The interest rate is now held at a flat interest rate of 5.5% (following again what <br />other cities have been charging) instead of the 2 points over the 10 -year treasury rate the city had been charging. <br />Notification: <br />Utility bills are sent quarterly to all residents and commercial businesses within the city. If an account is more than <br />30 days past due, a follow up collection notice stating delinquency is sent. In September, the city follows up with a <br />letter to respective delinquent properties (more than 60 days past due on September 1) outlining the process to cure <br />the delinquent account and to avoid certification to the following years property tax. This letter was sent on <br />September 4. <br />Action: <br />Motion to Adopt Resolution #15-09-217 Declaring Costs to be Assessed and Calling for a Public Hearing on <br />Proposed Assessment for Past -Due Charges on Municipal Utility Bills (which may include water, sewer, street <br />lighting, recycling, storm water charges and penalties incurred) and Current Services Rendered. <br />Attachments <br />Certification List as of 8-31-15 <br />3 -Year Certification Comparison <br />Resolution #15-09-217 <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 09/03/2015 01:09 PM <br />