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Thank you for update and resolution document. Couple further requests: <br />The attached document you sent shows resolution passed on 5th date but doesn't show what <br />month and year. Can you please share addition page(s) with remaining date information. We <br />do not remember receiving notification that principal would accrue interest. <br />The family has also asked to know how interest compounded? Can you please share that <br />calculation. <br />Thank you <br />Lora and Lisa Hamilton <br />Sent from my iPhone <br />From: Cindy Nelson <cp l o i,_ra. se n,us> <br />Date: October 16, 2020 at 9:28:21 AM CDT <br />To: LISA HAMILTON <liswill@ mmsnmcorn> <br />Cc: Joe Langel < j @ ratty i klaw e co m> <br />Subject: RE: scanned document (a follow-on request) <br />Hello Lora an Lisa Hamilton, <br />We confirmed with our city attorney that interest accrues from the date of assessment in 1989 until the <br />city receives final payoff of the outstanding assessment which is proposed to be year 2020 (see <br />paragraph below from City Attorney Langel regarding statute). The calculation of payment was based <br />on payoff as of September 30th, 2020 assuming we would receive the payment before the end of <br />October 2020. The total amount of the outstanding assessment is $88,706.18 which comprises a <br />principle amount of $25,280 plus interest of $63,426.18. <br />I have also attached a copy of the resolution from 1989 for your records. <br />Please let me know if you have any questions. Also, I have copied our city attorney on this. <br />Sincerely, <br />Cindy Nelson <br />City of Ramsey <br />According to a Minnesota Department of Revenue Fact Sheet, "Once an entire parcel is withdrawn from <br />Green Acres, [the owner] will also be responsible to pay any deferred special assessments plus any <br />interest." <br />That is based on the statutory language in <br />'nn. Stage 273 <br />subd. 11, which states: <br />