Agenda - Council - 03/08/2005 - Laserfiche WebLink

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Notice RegardingPUblie Hearing and Assessment for - Proj~et ~-~ Sealeoa~ng ~nd Crae~ll of Final costs associated with tko above project haVe.been detained. Notice is hereby being ~ven that the Ramsay City C°~cil will me~t at 7:00 p.m., Tuesday, ., 2005 at the Ramsay Fire Station located at 15050 ~s~ong BoUlevard ~ to consider test~ony and pass upon the proposed assessment for the abOve project. The amount to be ~sessed aga~st y°u[ proPe~y (the property identification umber listed on your mailing envelope) is $ ~s ;mount' represents yo~ share of half of the prQect cost, since the remai~ng half is ~finanee! by-~e CiW t~ou~ generatproperty tax revenue. This letter-will be the only notice you Will reeeive of the assessment unless the Ci~ Council determines after the public ~earing t~at the correct assessment should be other than that proposed. ~ such e~e, a le~er will be s~t by Friday, , 2005 advising you of the actual assessment levied. The proposed assessment roll is on fi.lg ~f0r public inspection. at city Hall. Written or oral objections will be considered ai the 'he~ng. No appeal may be taken as to the amount of an assessment unless a Si~ed, ~en 'obj~cfi°n is filed wi~ the City Administrator prior to the heating or presented to the prOsiding officer at the hemng. The City Council may upon such notice consider any objection tO-the mo~t of a proposed Mdividual assessment at an adjourned hearing upon such M~her notice to the affected prope~y owners as it deems advisable. How to Pay the Assessment Payment of assessments may be made in any of the fOlloWing way: A. Affected property owners maY,~ at any'dine between September 28, 2005 and November 5, 2005 (prior' to certification ofithe~aSsessment to the Anoka CoUnty Auditor) pay the entire assessment on such property with interest accrued to the date of payment, to the City o f Ramsey, either ~ person Orl by imail. It is helpful if you write the project number and your PIN number omyoUr cheCk.. B. If you decide not to prePay the assessment by November 5th, 2005 the rate of interest that will apply is 6.0 percentper year, C. Prior to November 'of any subsequent year, you may prepay to the City of Ramsey the whole assessment remaining :due as shown on t-he schedule below: Schedule of Payment The special assessment of such :improvement to your property is $ This cost will be assessed over 3 years at 6.0 percent inter6st Per iyear. Listed below is a breakdown of the yearly principal and interest costs. Please note the change in the first year's interest cost. The first years interest cover a period of 459 days from SePtember 28, 2004 to December 31, 2005. Due before Principal l t/01/05 0 11/01./06 33.23 11/01/07 33.23 Total 99.69 :6.0% Interest 0 7.52 3.99 [350 ' Payment Amount Pay-off Balance 0 .99.69 40.75 66.46 37.22 33.23 113.19